Richland, MN is a great place to live due to its attractive housing prices. The median value of houses in Richland is $383,600, which is significantly higher than the U.S. median house value of $338,100. Although the one year appreciation rate for housing in Richland is slightly lower than the national average at 6.72%, it still offers a good return on investment compared to other areas. It's no wonder that many people are looking to purchase homes in Richland!
The median home cost in Richland is $383,600. Home appreciation the last 10 years has been 86.3%. Home Appreciation in Richland is up 11.8%.
Average Age of Homes
- The median age of Richland real estate is 68 years old
The Rental Market in Richland
- Renters make up 18.7% of the Richland population
- 3.2% of houses and apartments in Richland, 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.