All Countries
Richfield, MN
Full City Profile · Minnesota · Dakota County County
3.6
/5.0
B+
Good
36,725
Population
5,417/sq mi density
$84,055
Median Income
$46,914 per capita
$320,400
Home Value
$338,987 Zillow
$1,334
Median Rent
26.6% income on rent
47°F
Avg Temperature
270 sunny days/yr
202
Violent Crime/100K
2,355 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$84,055 median income, 3.6% unemployment
A+
Affordability
4.5 / 5.0
$320,400 home value, $1,334/mo rent
F
Safety
1.0 / 5.0
202 violent crimes/100K
A+
Education
4.5 / 5.0
44.3% bachelor's degree or higher
Housing Overview
Median Home Value
$320,400
14% above
US avg: $281,900
Median Rent
$1,334/mo
15% above
US avg: $1,163/mo
Homeownership Rate
62.4%
5% below US avg (65.4%)
Total Housing Units
16,331
Median year built: 1959
Home Value by Source
Census Median
$320,400
Zillow (ZHVI)
$338,987
Median Sale Price
$348,000
Median List Price
$380,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.4%
Owner-Occupied
37.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,334/mo
· Zillow rent:
$1,289/mo
Market Indicators (Redfin)
Median Days on Market
33 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
36.8%
of listings with price reduction
Price Per Sq Ft
$210
Active Inventory
38
homes for sale
Affordability & Housing Stock
Rent Burden
26.6%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
62.4%
Complete Housing Data
Home Values
| Census Median Value | $320,400 |
| Zillow Home Value (ZHVI) | $338,987 |
| Median Sale Price | $348,000 |
| Median List Price | $380,000 |
| Price Per Sq Ft | $210 |
Rent
| Census Median Rent | $1,334 |
| Zillow Rent (ZORI) | $1,289 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 33 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 36.8% |
| Homes Sold | 20 |
| Active Inventory | 38 |
| Price Per Sq Ft | $210 |
Ownership & Stock
| Owner-Occupied | 62.4% |
| Renter-Occupied | 37.6% |
| Homeownership Rate | 62.4% |
| Total Housing Units | 16,331 |
| Median Year Built | 1959 |
| Rent Burden | 26.6% |