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Richmond Real Estate Market Facts

  • $140,600Median home price
    27% lower than Minnesota
  • $603Median rent asked
    31% lower than Minnesota
  • 84.4%Home owners
    18% higher than Minnesota
  • 2.2People per home
    8% lower than Minnesota

Richmond Home Affordability

  • $140,600Median home price
    27% lower than Minnesota
  • $54,167Median home income
    14% lower than Minnesota
  • 2.6xHome price to income ratio
    14% lower than Minnesota

Richmond Affordability Calculator

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Richmond Mortgage Calculator

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Richmond Demographics

  • 1,596Population
  • 1,516People / sq mile
  • 39.7Median age
  • 1.1:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Lake Henry, MN71$75,00059%
Eden Valley, MN981$89,30052%
Watkins, MN929$96,90048%
South Haven, MN198$101,90045%
Roscoe, MN104$106,30042%
Richmond, MN1,596$140,60024%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Manson, WA1,596$254,60038%
Wheeler, TX1,596$79,60057%
Elmendorf, TX1,596$83,60055%
Richland, PA1,596$156,80015%
East Hazel Crest, IL1,595$105,70043%
Richmond, MN1,596$140,60024%
Source: The Richmond, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).