2026 Compare Cities Housing:
Richfield, MN vs Lakeville, MN

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Highlights
- The median age of a home in Richfield is 60.3% older than the median age of a home in Lakeville.
 Richfield, MNLakeville, MNUnited States
 Median Home Age63  Unlock42
 Median Home Cost  Unlock$441,000$338,100
 Home Appr. Last 12 months7.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock47.9%57.0%
 Home Appr. Last 10 yrs.89.0%  Unlock101.1%
 Property Tax Rate  Unlock$10.9$11.0
 Homes Owned60.7%  Unlock57.4%
 Housing Vacant  Unlock2.5%11.2%
 Homes Rented36.4%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Richfield, MNLakeville, MNUnited States
 Average Rent  Unlock$2,350$1,840
 Studio Apartment$990  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,420$1,180
 2 Bedroom Home or Apartment$1,390  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,380$1,860
 4 Bedroom Home or Apartment$2,180  Unlock$2,160
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 Vacant Housing
 Richfield, MNLakeville, MNUnited States
 Vacant For Rent  Unlock0.6%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.1%0.7%
 Vacant Sold0.5%  Unlock0.4%
 Vacant Vacation  Unlock0.9%3.6%
 Vacant Other1.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Richfield, MNLakeville, MNUnited States
 Less Than $20,000  Unlock1.6%2.6%
 $20,000 to $39,9990.7%  Unlock2.4%
 $40,000 to $59,999  Unlock1.3%2.8%
 $60,000 to $79,9990.8%  Unlock3.9%
 $80,000 to $99,999  Unlock0.3%4.5%
 $100,000 to $149,9993.2%  Unlock11.3%
 $150,000 to $199,999  Unlock5.7%13.0%
 $200,000 to $299,99956.2%  Unlock20.1%
 $300,000 to $399,999  Unlock30.1%13.6%
 $400,000 to $499,9995.4%  Unlock8.3%
 $500,000 to $749,999  Unlock11.0%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.6%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.1%1.1%
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 Housing Units By Year Built
 Richfield, MNLakeville, MNUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock24.2%13.6%
 2000 to 20095.6%  Unlock13.6%
 1990 to 1999  Unlock27.0%13.6%
 1980 to 19896.8%  Unlock13.2%
 1970 to 1979  Unlock7.3%14.8%
 1960 to 19695.2%  Unlock13.6%
 1950 to 1959  Unlock1.5%10.0%
 1940 to 194917.6%  Unlock4.7%
 1939 or Earlier  Unlock1.4%12.2%
Reviews for Richfield    3 Reviews

Over 13 years ago

Richfield is probably the most convenient suburb in the Twin Cities. It is near 494, 35W, 35E, 55, 100, 169, and 62...which are basically all the major free ways in the  More

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Over 15 years ago

Comfortable middle class suburb. Fifteen minutes from both downtown Minneapolis and St. Paul. Conveniently close to the airport. Good schools. Lots of parks and  More

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Over 20 years ago

Richfield is a first-ring, older suburb of 1950's and 60's houses. They range from very nice, middle-class houses to poorly maintained, cheaply built houses that now  More

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Reviews for Lakeville    8 Reviews

We lived in Lakeville for 3 years (2015-18). My husband and I have traveled all over the country. We've lived in California, Hawaii, Arizona, Colorado and Minnesota.  More

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I’ve grown up in Lakeville for 20 years. I know this area better than the back of my hand. The schools are excellent, especially North HS. The housing is cheap and  More

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I have found Lakeville to have many amenities and its nice its so close to the Twin Cities. HOWEVER, unless have bunches of money in your pocket or are a local you will  More

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