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Richfield, WI—53033

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$520,000
5.1% YoY Growth
Household Income
$115,000
21.0% YoY Growth
Days on Market
23
24.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$2,800
128.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,800
0.0% YoY Growth

Other Zip Codes in Richfield, WI

5307653017
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Richfield, WI

As of May '26, the median home price in Richfield, WI is $520,000, with a year-over-year change of 5.1%. This indicates that home prices in Richfield, WI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$520,0005.1%
Single Family $521,0005.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    N/AN/A
    3 Bed
    $499,0004.6%
    4 Bed
    $642,0005.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    0.8%
    2 Bedrooms
    13.7%
    3 Bedrooms
    46.8%
    4 Bedrooms
    28.1%
    5+ Bedrooms
    10.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,800$6,400
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,800$2,800
    4 Bed Rent $10,000$10,000
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    % of Rental Stock

    1 Bedroom
    25.0%
    2 Bedrooms
    28.8%
    3 Bedrooms
    22.5%
    4 Bedrooms
    16.2%
    5+ Bedrooms
    7.5%

    Property Listings — Richfield, WI

    As of May '26, Realtor.com reports that the median days on market for a home in Richfield, WI is 23. This is a increase of 24.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $432,000-6.0%
    Listing Count
    13-35.0%
    Listings as % of Homes0.4%-35.0%
    Days on Market
    2324.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    6,16023.4%
    % Under 18
    18.6%14.1%
    % Seniors
    24.2%30.8%
    % WFH
    28.4%545.5%
    % w/ College Degree
    43.3%22.7%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$520,000
    Median Household Income$115,000

    Richfield, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Richfield, WI

    53017

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    Frequently Asked Questions