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Richmond, MN

Full City Profile · Minnesota · Stearns County County

3.1 /5.0
B Good
1,336 Population 1,123/sq mi density
$67,381 Median Income $33,277 per capita
$225,500 Home Value $349,536 Zillow
$584 Median Rent 28.4% income on rent
42°F Avg Temperature 276 sunny days/yr
70 Violent Crime/100K 1,264 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$67,381 median income, 1.3% unemployment
A+
Affordability
4.8 / 5.0
$225,500 home value, $584/mo rent
F
Safety
1.0 / 5.0
70 violent crimes/100K
C
Education
2.4 / 5.0
17.4% bachelor's degree or higher

Housing Overview

Median Home Value
$225,500
20% below
US avg: $281,900
Median Rent
$584/mo
50% below
US avg: $1,163/mo
Homeownership Rate
87.8%
34% above US avg (65.4%)
Total Housing Units
556
Median year built: 1975

Home Value by Source

Census Median
$225,500
Zillow (ZHVI)
$349,536
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

87.8%
Owner-Occupied
12.2%
Renter-Occupied
88%
12%
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: $584/mo

Affordability & Housing Stock

Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
87.8%

Complete Housing Data

Home Values

Census Median Value$225,500
Zillow Home Value (ZHVI)$349,536

Rent

Census Median Rent$584
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Ownership & Stock

Owner-Occupied87.8%
Renter-Occupied12.2%
Homeownership Rate87.8%
Total Housing Units556
Median Year Built1975
Rent Burden28.4%