Housing in Richfield, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$327,750
Median List Price
$349,450
Price Per Sq Ft
$197
Days on Market
45
Active Inventory
46
Months of Supply
1.8
Seller's market
Zillow Home Value
$333,290
ZHVI — January 2026
Zillow Rent Index
$1,274
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
38.5%
Off Market in 2 Weeks
55.0%
Sale-to-List Ratio
99.8%
Buyer's market
Market Activity
Source: RedfinHomes Sold
26
New Listings
22
Pending Sales
20
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$197
Median List $/SF
$208
Richfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Richfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$320,400
Median Rent
$1,334
Total Housing Units
16,759
Vacancy Rate
3.2%
Owner Occupied
62.4%
Renter Occupied
37.6%
Median Property Tax
$3,684
per year
Monthly Cost (w/ Mortgage)
$1,598
Housing Types
The current median sale price in Richfield, MN is $327,750 according to Redfin data. Homes spend a median of 45 days on the market. 38.5% of homes sold above asking price. The market has 1.8 months of supply. The median price per square foot is $197. Zillow's observed rent index is $1,274/month. About 62.4% of housing units are owner-occupied. The median year homes were built is 1959. There are 16,759 total housing units.