Richmond, MN is a great place to live, with a median home value of $320,200. This is slightly lower than the US median house value of $338,100. Despite this difference, Richmond has seen an impressive 1 year appreciation rate of 7.75%, which is only slightly lower than the national average of 8.27%. With its reasonable housing costs and strong appreciation rate, Richmond is a great place for people looking to invest in real estate or move into a new home.
The median home cost in Richmond is $320,200. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Richmond is up 13.6%.
Average Age of Homes
- The median age of Richmond real estate is 36 years old
The Rental Market in Richmond
- Renters make up 18.6% of the Richmond population
- 0.0% of houses and apartments in Richmond, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.