Richfield, MN — Momentum Score, Home Values & Best-For

All states·Minnesota·Richfield

Hennepin County · Minneapolis-St. Paul-Bloomington · population 36,491

Richfield, MN
Image: Wikipedia · Richfield, Minnesota
OverviewCost of livingMoving guide
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62
Rising
Momentum score · 0–100

Where Richfield stands

At or near all-time high.

Median home $351,602
1-year +2.9%
5-yr CAGR +3.0%
vs 5-yr peak -0.2%
Population -0.3%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-03$352k$194k$252k$309k$367k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
82/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,327/mo$1,029$1,233$1,438202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent116121100120202220242026

Rent vs buy

Price-to-rent ratio: 22.1
Lean rent

At a 22.1 price-to-rent ratio, the math is starting to lean toward renting in Richfield. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.

How the momentum score breaks down

methodology →
Home YoY
64 · w22%
Home 5-yr CAGR
53 · w22%
Distance from peak
89 · w18%
Population growth
40 · w16%
Rent YoY
58 · w12%
Home 10-yr CAGR
63 · w10%
Long thesis

Richfield has held up across the cycle: home values at $351,602 with +3.0% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Richfield's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Richfield

Richfield is a city in Hennepin County, Minnesota, with an estimated population of 36,491. It anchors the Minneapolis-St. Paul-Bloomington metro area. The median home value in Richfield is $351,602 as of 2026-04, up 2.9% over the last 12 months. Over the last five years, home values have averaged +3.0% annual growth, with prices at or near the 5-year peak. Rents in Richfield average $1,327 per month, roughly flat year-over-year (+2.0%). The composite momentum score is 62 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Quiet strength: +2.9% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently -0.2% from the 5-year peak — this market refused to give back gains.

▼ Bear case

●Flat or shrinking population: -0.3% per year. Housing demand has to come from somewhere — verify the source.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Richfield (Wikipedia)

Richfield is a city in Hennepin County, Minnesota. An inner-ring suburb of Minneapolis, Richfield is bordered by Minneapolis to the north, Minneapolis–Saint Paul International Airport and Fort Snelling to the east, Bloomington to the south, and Edina to the west. The population was 36,994 at the 2020 census.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Hennepin County right now.

NWS active alerts (MN)Minnesota Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Hennepin County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Richfield

Roseville, MN62 · RisingCoon Rapids, MN67 · RisingEden Prairie, MN62 · RisingChamplin, MN61 · Stable

Run the numbers for Richfield

ToolCan I afford Richfield?Income → city shortlistToolROI on a Richfield rentalCap rate, cash-on-cash, DSCRToolCompare Richfield to anywhereSide-by-side up to 3 citiesToolRichfield cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
22° / 4°
avg high / low
Summer (Jul)
82° / 62°
avg high / low
Sunny days/yr
198
~54% of year
Annual precip
28″ rain
45″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Very low
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Minneapolis-St. Paul-Bloomington area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Richfield listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
71%
Humid climate
Median household income
$84,300
Minnesota state median
Top industries (state-level)
Medical DevicesFinanceManufacturing

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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