Richwood, MN is a great place for residents looking to invest in a home. The median value of homes in Richwood is just over $357,500, which is slightly higher than the US median value of $338,100. In addition to having a higher median value than the national average, Richwood has experienced an impressive 8.21% appreciation in housing values over the past year – only slightly less than the US-wide 1-year appreciation rate of 8.27%. With such positive returns on investment and strong market appreciation potential, Richwood is proving itself to be an excellent option for homeowners seeking financial security and stability.
The median home cost in Richwood is $357,500. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Richwood is up 13.6%.
Average Age of Homes
- The median age of Richwood real estate is 39 years old
The Rental Market in Richwood
- Renters make up 6.9% of the Richwood population
- 0.0% of houses and apartments in Richwood, 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.