Richville, MN is a great place for homebuyers to consider investing in. With a median value of $351,700, it is slightly higher than the US House Median Value of $338,100; however, the area still offers a lot of value for those looking to buy a property. Additionally, Richville has had a significant amount of appreciation over the past year with an 8.21% appreciation rate compared to the US 1 year House Appreciation rate of 8.27%. Investing in real estate in Richville means that buyers get access to quality properties at reasonable prices while also having the potential of gaining financial growth from their investment through house appreciation and other benefits.
The median home cost in Richville is $351,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Richville is up 13.6%.
Average Age of Homes
- The median age of Richville real estate is 45 years old
The Rental Market in Richville
- Renters make up 17.9% of the Richville population
- 0.0% of houses and apartments in Richville, 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.