2025 Compare Cities Housing:
Richfield, MN vs Prior Lake, 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 Prior Lake.
 Richfield, MNPrior Lake, MNUnited States
 Median Home Age63  Unlock42
 Median Home Cost  Unlock$486,900$338,100
 Home Appr. Last 12 months7.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock45.3%57.0%
 Home Appr. Last 10 yrs.89.0%  Unlock101.1%
 Property Tax Rate  Unlock$11.3$11.0
 Homes Owned60.7%  Unlock57.4%
 Housing Vacant  Unlock2.7%11.2%
 Homes Rented36.4%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Richfield, MNPrior Lake, MNUnited States
 Average Rent  Unlock$1,940$1,840
 Studio Apartment$990  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,180$1,180
 2 Bedroom Home or Apartment$1,390  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,970$1,860
 4 Bedroom Home or Apartment$2,180  Unlock$2,160
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 Vacant Housing
 Richfield, MNPrior Lake, MNUnited States
 Vacant For Rent  Unlock0.3%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.4%0.7%
 Vacant Sold0.5%  Unlock0.4%
 Vacant Vacation  Unlock0.4%3.6%
 Vacant Other1.1%  Unlock4.1%
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 Owner-Occupied Housing Value
 Richfield, MNPrior Lake, MNUnited States
 Less Than $20,000  Unlock0.9%2.6%
 $20,000 to $39,9990.7%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9990.8%  Unlock3.9%
 $80,000 to $99,999  Unlock0.7%4.5%
 $100,000 to $149,9993.2%  Unlock11.3%
 $150,000 to $199,999  Unlock7.5%13.0%
 $200,000 to $299,99956.2%  Unlock20.1%
 $300,000 to $399,999  Unlock23.9%13.6%
 $400,000 to $499,9995.4%  Unlock8.3%
 $500,000 to $749,999  Unlock14.2%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock2.9%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.7%1.1%
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 Housing Units By Year Built
 Richfield, MNPrior Lake, MNUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock26.1%13.6%
 2000 to 20095.6%  Unlock13.6%
 1990 to 1999  Unlock20.5%13.6%
 1980 to 19896.8%  Unlock13.2%
 1970 to 1979  Unlock10.8%14.8%
 1960 to 19695.2%  Unlock13.6%
 1950 to 1959  Unlock3.1%10.0%
 1940 to 194917.6%  Unlock4.7%
 1939 or Earlier  Unlock1.0%12.2%
Reviews for Richfield    3 Reviews

Over 12 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 14 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 19 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 Prior Lake    3 Reviews

Over 13 years ago

Prior Lake is an amazing place to raise a family and to live. The city puts a lot of money into community events that are almost always free or of low cost. From the  More

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Over 15 years ago

A beautiful, quiet, friendly community built around a lovely good sized lake. Prior Lake is only a short drive away from many fun and exciting cultural, sporting,  More

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We actually live in Credit River Township, but our mailing address is Prior Lake. Our real estate taxes help pay for the schools in Prior Lake, but, in Credit River  More

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