Housing in Richmond, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$210,000
Median List Price
N/A
Price Per Sq Ft
$134
Days on Market
91
Active Inventory
5
Months of Supply
1.7
Seller's market
Zillow Home Value
$346,088
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
97.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$134
Richmond vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Richmond 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
$225,500
Median Rent
$584
Total Housing Units
580
Vacancy Rate
3.8%
Owner Occupied
87.8%
Renter Occupied
12.2%
Median Property Tax
$2,413
per year
Monthly Cost (w/ Mortgage)
$1,153
Housing Types
The current median sale price in Richmond, MN is $210,000 according to Redfin data. Homes spend a median of 91 days on the market. 0.0% of homes sold above asking price. The market has 1.7 months of supply. The median price per square foot is $134. The median rent is $584 per month (Census ACS). About 87.8% of housing units are owner-occupied. The median year homes were built is 1975. There are 580 total housing units.