Zip 56576 (Richville, MN) Housing

The housing market in Richville, MN is performing quite well compared to the US average. The median value of housing in Richville is $372,700 which is almost 10% higher than the US median value of $338,100. Furthermore, over the last year, house appreciation in Richville has been 8.21% which is very close to the 8.27% appreciation rate seen nationwide. This paints a picture of a strong and healthy housing market in Richville and provides potential homeowners with great opportunities for investment.

The median home cost in Richville (zip 56576) is $372,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Richville (zip 56576) is up 13.6%.

Average Age of Homes

- The median age of Richville (zip 56576) real estate is 36 years old

The Rental Market in Richville (zip 56576)

- Renters make up 4.6% of the Richville (zip 56576) population
- 0.0% of houses and apartments in Richville (zip 56576), 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	Richville, Minnesota	United States
	925.0	139,647,020.0
	45	42
	$372,700	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$6.60	$10.98
	$2,024	$2,690
	35.9%	57.4%
	58.6%	11.2%
	5.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	54.5%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	3.0%	2.4%
	3.9%	2.8%
	2.1%	3.9%
	1.8%	4.5%
	7.8%	11.3%
	7.2%	13.0%
	21.4%	20.1%
	27.1%	13.6%
	10.5%	8.3%
	10.2%	9.7%
	3.3%	3.9%
	0.0%	2.2%
	0.6%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	11.7%	13.6%
	10.2%	13.2%
	18.8%	14.8%
	11.7%	13.6%
	11.1%	10.0%
	6.6%	4.7%
	9.0%	12.2%

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