Richfield, WI—53033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richfield, WI
As of Oct '25, the median home price in Richfield, WI is $482,000, with a year-over-year change of 1.3%. This indicates that home prices in Richfield, WI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $482,000 | 1.3% |
| Single Family | $483,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $478,000 | 3.5% |
4 Bed | $608,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richfield, WI
As of July '25, Rentcast reports the average rent in Richfield, WI is $6,400, with a year-over-year rent change of 128.6%. Per bedroom, the median rent as of July '25 in Richfield, WI is 3-bedrooms: $2,800, 4-bedrooms: $10,000. The most common rental property sizes in Richfield, WI are 2-bedroom and 1-bedroom, accounting for 28.8% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $6,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,800 | $2,800 |
| 4 Bed Rent | $10,000 | $10,000 |
% of Rental Stock
Property Listings — Richfield, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Richfield, WI is 49. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | 5.0% |
Listing Count | 10 | -40.0% |
| Listings as % of Homes | 0.4% | -40.0% |
Days on Market | 49 | 37.0% |
Demographics — Richfield, WI
As of the latest ACS Survey released in 2023, Richfield, WI has a population of 6,160, which has increased by 23.4% over the past 5 years. Richfield, WI is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,160 | 23.4% |
% Under 18 | 18.6% | 14.1% |
% Seniors | 24.2% | 30.8% |
% WFH | 28.4% | 545.5% |
% w/ College Degree | 43.3% | 22.7% |
As of the latest ACS Survey released in 2023, Richfield, WI is a predominantly white area, with 95.7% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Richfield, WI is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.3% of the population in Richfield, WI, and this percentage has decreased by 65.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.7% | 1.1% |
% Black | 0.1% | -85.7% |
% Hispanic | 1.5% | -31.8% |
% Asian | 0.6% | -68.4% |
% Foreign Born | 1.3% | -65.8% |
Mortgage and Risk — Richfield, WI
According to HUD data as of 2023, there were 142 mortgage originations in Richfield, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 39.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Richfield, WI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Richfield, WI
Richfield, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | -$1,300 | $2,800 | $1,500 |
| 4 Bedroom | -$8,370 | $10,000 | $1,630 |
Affordability — Richfield, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $482,000 |
| Median Household Income | $115,000 |