Richmond, MN Real Estate
According to census data in the year 2000 there were 496 housing units in Richmond.
This represents a 29.8% growth from 382 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 496 were located in what is classified as a rural area.
Homeownership rate in Richmond is about 82.2%.
Richmond's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Richmond were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 7.50% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 20% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $93,800 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.42 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 46.10% |
| Debt Free | 39.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
