Richmond, MN
Full City Profile · Minnesota · Stearns County County
3.8
/5.0
B+
Good
1,336
Population
1,123/sq mi density
$67,381
Median Income
$33,277 per capita
$225,500
Home Value
$360,385 Zillow
$584
Median Rent
28.4% income on rent
44°F
Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$67,381 median income, 1.9% unemployment
A+
Affordability
4.8 / 5.0
$225,500 home value, $584/mo rent
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)
$360,385
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.8%
Owner-Occupied
12.2%
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:
$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) | $360,385 |
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-Occupied | 87.8% |
| Renter-Occupied | 12.2% |
| Homeownership Rate | 87.8% |
| Total Housing Units | 556 |
| Median Year Built | 1975 |
| Rent Burden | 28.4% |