Zip 56368 (Richmond, MN) Housing

Richmond, Minnesota (56368) has a median value of housing at $332,300 which is slightly less than the national median value of $338,100. Over the past year, Richmond saw modest appreciation in housing prices as they increased by 7.75%, compared to the 8.27% seen nationally. This suggests that despite a slightly lower median house price than the national average, Richmond still offers reasonable appreciation potential for homeowners looking to invest in its housing market.

The median home cost in Richmond (zip 56368) is $332,300. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Richmond (zip 56368) is up 13.6%.

Average Age of Homes

- The median age of Richmond (zip 56368) real estate is 38 years old

The Rental Market in Richmond (zip 56368)

- Renters make up 6.8% of the Richmond (zip 56368) population
- 0.0% of houses and apartments in Richmond (zip 56368), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richmond, Minnesota	United States
	2,252.0	139,647,020.0
	43	42
	$332,300	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$10.08	$10.98
	$2,636	$2,690
	66.0%	57.4%
	26.9%	11.2%
	7.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.1%	0.4%
	1.4%	0.7%
	0.0%	0.4%
	24.2%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.8%	2.4%
	0.0%	2.8%
	1.3%	3.9%
	2.2%	4.5%
	13.2%	11.3%
	14.2%	13.0%
	29.7%	20.1%
	18.4%	13.6%
	9.9%	8.3%
	7.5%	9.7%
	1.4%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	17.7%	13.6%
	11.4%	13.2%
	16.2%	14.8%
	17.7%	13.6%
	6.6%	10.0%
	3.3%	4.7%
	14.6%	12.2%

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