Home prices
The median home in Richfield costs $225,200. It is about $99,420 (30%) lower in comparison to nearby areas.In comparison to the nation as a whole it is approximately $7,700 (3%) higher, and it is about $26,400 (10%) lower compared to the city of Minneapolis.
Rents
In Richfield the median rent is $1,079 a month. In comparison to its nearby areas it is approximately $84 (7%) lower.It is about $17 (1%) higher compared to the nation as a whole, and compared to the city of Minneapolis is approximately $52 (5%) higher.
Nearby places
Bloomington
Bloomington is Richfield's neighbor to the southwest. Housing prices there are a little more expensive. Bloomington's median home price is $251,300, which is $26,100 (10%) higher than Richfield. Its rents are a bit more expensive. The median monthly rent in Bloomington is $1,178, which comes out to $99 (8%) higher than Richfield.
Edina
Edina is Richfield's neighbor to the west. The housing prices there are substantially more expensive. The median home cost in Edina is $476,300, which is $251,100 (52%) higher than Richfield. Rent there is a bit more expensive. Edina's median monthly rent is $1,404, which is $325 (23%) higher than Richfield.
Mendota
Mendota is approximately 5 miles east of Richfield. Housing prices there are pretty similar. The cost of the median home in Mendota is $231,300, which comes out to $6,100 (2%) higher than Richfield. Rent there is somewhat less expensive. The median rent in Mendota is $875 per month, which comes out to $204 (23%) lower than Richfield.
St. Louis Park
St. Louis Park is roughly 5 miles northwest of Richfield. Its real estate prices are a bit more expensive. The median home in St. Louis Park is valued at $271,600, which comes out to $46,400 (17%) higher than Richfield. Rents there are a bit more expensive. St. Louis Park's median monthly rent is $1,232, which comes out to $153 (12%) higher than Richfield.
Mendota Heights
Mendota Heights is about 5 miles east from Richfield. The real estate prices there are significantly more expensive. The value of the median home in Mendota Heights is $392,600, which is $167,400 (42%) higher than Richfield. Rents there are fairly similar. In Mendota Heights the median monthly rent is $1,127, which is $48 (4%) higher than Richfield.
