Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Richfield area can be challenging. Home prices in Richfield are now at a median cost of $258,216, lower than the Minnesota average of $269,934.
The average cost of rent is $1,241/mo in Richfield, primarily driven by the current value of real estate in the Richfield area. While nearly 33.91% of residents own their homes outright in Richfield, 35.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richfield is $6,242 per month. Households that rent pay about 19.89% of their income on rent here. Richfield's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Bloomington, MN: higher priced homes
- Edina, MN: higher priced homes
- Mendota, MN: higher priced homes
- Minneapolis, MN: higher priced homes
- St. Louis Park, MN: higher priced homes
- Hopkins, MN: higher priced homes
- Eagan, MN: higher priced homes
- Lilydale, MN: higher priced homes
- Mendota Heights, MN: higher priced homes
- Burnsville, MN: equally priced homes
Cities with Similar Populations
- Salem, VA: less expensive homes
- East Meadow, NY: higher priced homes
- Fernandina Beach, FL: higher priced homes
- Flowery Branch, GA: equally priced homes
- Gahanna, OH: equally priced homes
- Greenfield, WI: less expensive homes
- Holiday, FL: less expensive homes
- Jamestown, NY: less expensive homes
- La Quinta, CA: higher priced homes
- Las Piedras, PR: less expensive homes
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