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MN area data

Richfield, MN

Richfield, MN.

Population: 36,724 (Census ACS)

The median home value in Richfield, MN is $352,469 — up 1.9% over the past year. Homes sell for a median $169,900 after a median 167 days on market. Typical rent runs $1,412/month. 23 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, hail, strongwind the top-rated hazards. Cost of living is 2.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$352,469

Median home value

+1.9%

1-year change

167

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$352,469
1-year appreciation
+1.9%
3-year appreciation
+5.4%
5-year appreciation
+10.9%
10-year appreciation
+63.7%
All-time peak (2026-03)
$355,675
House Price Index (state)
429.3 (+3.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$169,900
Median list price
$181,400
Median price per sqft
$183
1-year sale-price change
-0.1%
Median days on market
167 days
Homes sold (recent period)
5
For-sale inventory
119
Sale-to-list ratio
99.5%
Active listings
27
1-year forecast
-0.4%
Days to pending
30 days
New listings (monthly)
53

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,412/mo
1-year rent change
+0.3%
Studio fair-market rent
$754/mo
1BR fair-market rent
$943/mo
2BR fair-market rent
$1,176/mo
3BR fair-market rent
$1,529/mo
4BR fair-market rent
$1,764/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
23
Elementary schools
8
Middle schools
3
High schools
10
Charter schools
7
School districts serving the area
Intermediate School District 287, WATERSHED HIGH SCHOOL, PARTNERSHIP ACADEMY INC.
Schools include
South Education Center Academy, ALC RICHFIELD HS-IS, SECA - IS, ALC Richefield - Success at 15, ALC - SECA - EY

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
coldWave, hail, strongWind, tornado, winterWeather
Notable hazard ratings (county)
coldWave: Very High · drought: Relatively Low · hail: Very High · heatWave: Relatively High · iceStorm: Relatively Moderate · inlandFlooding: Relatively High
Wildfire risk to homes (county)
Higher than 32% of US counties
Buildings in wildfire direct-exposure zone
13.6%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Freeway Sanitary Landfill (5.5 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
34.0 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
52
Days with Good air quality
173
Days with Moderate air quality
175
Days with Unhealthy air quality
3
Highest AQI recorded (year)
187

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
13.2 / 20
Transit service frequency
237
Jobs reachable by car (30 min)
254,673
Jobs reachable by transit (45 min)
186,610

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Mississippi National River & Recreation Area (10 mi)
Airports within 30 mi
35
Nearest airport
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (3 mi)
Nearest major airport
Minneapolis–Saint Paul International Airport / Wold–Chamberlain Field (MSP) (3 mi)
Hospitals nearby (~15 mi)
15
Hospitals include
NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, ALLINA UNITED HOSPITAL
Avg hospital rating (CMS)
3.6 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-6,126 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,959
Housing built before 1970
69.0%
Housing built 2000 or later
11.8%
Median annual property tax
$3,901
Mean commute to work
19 min
Households with broadband internet
79.1%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
825,553
Average weekly wage
$1,697
Top industries (by employment)
Health Care, Professional Services, Finance & Insurance
Annual residential building permits (county)
2,044

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

RichfieldState medianUS median
Median home value$352,469$304,931$289,727
Median sale price$169,900$315,500$325,000
Median days on market167 days39 days51 days
Typical rent$1,412/mo$1,678/mo$1,808/mo
Median annual property tax$3,901$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Richfield, MN?
$352,469.
What is the median sale price in Richfield, MN?
$169,900.
How long do homes take to sell in Richfield, MN?
Median days on market: 167 days.
What is typical rent in Richfield, MN?
Typical rent: $1,412/month.
What is the natural-hazard risk in Richfield, MN?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, hail, strongWind, tornado, winterWeather.
What is the wildfire risk in Richfield, MN?
Risk to homes is higher than 32% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Richfield, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Richfield, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Richfield, MN?
23 schools (8 elementary, 3 middle, 10 high) (NCES, 2022-23).
Is Richfield, MN walkable?
Walkability index: 13.2/20 (EPA Smart Location Database).
What is the air quality in Richfield, MN?
Moderate. Median AQI: 52. (EPA AQI).
What is the cost of living in Richfield, MN?
Regional Price Parity: 97.5 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Richfield

Selling a home in Richfield, MN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents