Richfield, WI—53076
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 $555,000, with a year-over-year change of 1.8%. This indicates that home prices in Richfield, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $555,000 | 1.8% |
| Single Family | $555,000 | 1.8% |
| 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 | $512,000 | 3.0% |
4 Bed | $628,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richfield, WI
Richfield, WI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $9,000 | $9,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $9,000 | $9,000 |
| 4 Bed Rent | N/A | N/A |
% 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 70. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter 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 | $1,590,000 | 13.0% |
Listing Count | 4 | -14.0% |
| Listings as % of Homes | 0.2% | -14.0% |
Days on Market | 70 | -42.0% |
Demographics — Richfield, WI
As of the latest ACS Survey released in 2023, Richfield, WI has a population of 3,280, which has decreased by -19.6% over the past 5 years. Richfield, WI is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 47.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,280 | -19.6% |
% Under 18 | 25.3% | 2.8% |
% Seniors | 17.4% | 62.6% |
% WFH | 11.2% | 314.8% |
% w/ College Degree | 47.3% | 15.9% |
As of the latest ACS Survey released in 2023, Richfield, WI is a predominantly white area, with 95.0% 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 1.7% of the population in Richfield, WI, and this percentage has increased by 21.4% 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 | 95.0% | 1.1% |
% Black | 0.8% | ∞% |
% Hispanic | 1.5% | -11.8% |
% Asian | 1.0% | -67.7% |
% Foreign Born | 1.7% | 21.4% |
Mortgage and Risk — Richfield, WI
According to HUD data as of 2023, there were 173 mortgage originations in Richfield, WI, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Richfield, WI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
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 | N/A |
Total Units Section 8 | N/A |
% 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 | $1,010 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | -$7,510 | $9,000 | $1,490 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Richfield, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $555,000 |
| Median Household Income | $115,000 |