Richfield, MN Real Estate
According to census data in the year 2000 there were 15,357 housing units in Richfield.
This represents a 4.6% decline from 16,094 in 1990.
Of those housing units, 15,357 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Richfield is about 67.5%.
Richfield's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Richfield were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 21.80% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $128,500 |
| Median Price asked for vacant units | $140,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $607 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 52.70% |
| Debt Free | 29.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
