Richville, MN—56576
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richville, MN
As of Oct '25, the median home price in Richville, MN is $404,000, with a year-over-year change of 1.6%. This indicates that home prices in Richville, MN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 1.6% |
| Single Family | $404,000 | 1.0% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richville, MN
Richville, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Richville, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Richville, MN is 63. This is a increase of 85.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | 30.0% |
Listing Count | 14 | -11.0% |
| Listings as % of Homes | N/A | -11.0% |
Days on Market | 63 | 85.0% |
Demographics — Richville, MN
As of the latest ACS Survey released in 2023, Richville, MN has a population of 858, which has increased by 3.5% over the past 5 years. Richville, MN is a moderately popular place for families, as children make up 15.7% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 858 | 3.5% |
% Under 18 | 15.7% | -20.7% |
% Seniors | 39.5% | 74.8% |
% WFH | 18.4% | 187.5% |
% w/ College Degree | 27.6% | 45.3% |
As of the latest ACS Survey released in 2023, Richville, MN is a predominantly white area, with 96.5% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Richville, MN is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.6% of the population in Richville, MN, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.5% | -0.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.9% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.6% | ∞% |
Mortgage and Risk — Richville, MN
Richville, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Richville, MN
Richville, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Richville, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $404,000 |
| Median Household Income | $73,500 |