Housing & Real Estate — Richmond, Minnesota

Overview

Total Housing Units580
Occupied558
Vacant22
Owner-Occupied490
Renter-Occupied68
Median Home Value (Census)$241,300
Estimated 2026~$282,000
Median Rent$584/mo
Median Property Tax$2,561/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilitymoderate
Rent as % of Income9.8%
Severely Rent-Burdened34.7%

Housing Age

Built 2010 or later27
Built 2000-200972
Built 1990-199992
Built before 1960222
Median Year Built1975
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.