What percentage of people rent in Richfield, MN?

Name: Renters and owners in Richfield, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

38.4% (±2.5 points) of the occupied homes in Richfield, MN are rented (2020–2024 American Community Survey).

That is 6,361 renting households against 10,186 that own their home.

In Richfield, the share of households that rent went from 39.5% in 2015–2019 to 38.4% in 2020–2024 (−1.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 38.4% (±2.5 points)
Renting households: 6,361 (±456)
Median renter income: $64,035 (±$5,478)

Who rents and who owns in Richfield

Tenure, estimate (90% margin of error)
	Richfield	Hennepin County	Minnesota	United States
Renter-occupied share	38.4% (±2.5 points)	37.3% (±0.4 points)	27.8% (±0.2 points)	34.8%
Renting households	6,361 (±456)	201,230 (±2,434)	641,268 (±4,528)	45,017,354
Owning households	10,186 (±467)	338,263 (±2,240)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.9 (±0.1)	2.0 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	2.4 (±0.1)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$64,035 (±$5,478)	$59,890 (±$1,200)	$51,080 (±$531)	$52,966
Median owner household income	$106,855 (±$6,244)	$130,886 (±$1,463)	$108,214 (±$476)	$100,009

In Richfield, the renter share is not measurably different from Hennepin County (37.3%).

It is also higher than in Minnesota (27.8%).

It is higher than the national figure (34.8%).

In Hennepin County, Richfield ranks 10 of 42 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 119 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Richfield has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	39.5% (±1.9 points)	38.4% (±2.5 points)	−1.1 percentage points	Not a measurable change
Median gross rent	$1,079 (±$31)	$1,393 (±$43)	+29.1%	Up after inflation
Median household income	$66,908 (±$3,112)	$85,132 (±$4,429)	+27.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Richfield

Nearest places with a published estimate, compared with Richfield
Place	Distance	Households that rent	Compared with this place
Richfield	—	38.4% (±2.5 points)	—
Bloomington	3.5 mi	34.3% (±1.7 points)	Lower
Edina	4.0 mi	27.6% (±2.0 points)	Lower
Mendota	6.0 mi	22.7% (±12.1 points)	Lower
Minneapolis	6.2 mi	52.3% (±0.8 points)	Higher
St. Louis Park	6.5 mi	42.2% (±1.9 points)	Higher
Hopkins	6.9 mi	63.5% (±4.1 points)	Higher
Eagan	7.1 mi	32.3% (±1.8 points)	Lower
Mendota Heights	7.3 mi	21.3% (±4.3 points)	Lower

Nearby places with a measurably lower figure: Bloomington, MN (34.3%), Edina, MN (27.6%), Mendota, MN (22.7%).

Nearby places with a measurably higher figure: Minneapolis, MN (52.3%), St. Louis Park, MN (42.2%), Hopkins, MN (63.5%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hennepin County, place by place

Rank	Place	Households that rent
4	Minneapolis	52.3% (±0.8 points)
5	Excelsior	51.7% (±9.6 points)
6	New Hope	47.4% (±3.3 points)
7	St. Louis Park	42.2% (±1.9 points)
8	Wayzata	40.9% (±8.5 points)
9	St. Anthony (Hennepin County)	40.2% (±4.5 points)
10	Richfield	38.4% (±2.5 points)
11	Maple Plain	37.3% (±8.5 points)
12	Brooklyn Center	36.4% (±3.5 points)
13	Bloomington	34.3% (±1.7 points)
14	Brooklyn Park	29.7% (±2.8 points)
15	Golden Valley	29.3% (±3.8 points)
16	Robbinsdale	29.0% (±3.9 points)

Showing 13 of 42 places in Hennepin County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Richfield

How many renters are there in Richfield?

Richfield has an estimated 6,361 (±456) renting households, 38.4% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Richfield?

In Richfield, the share of households that rent went from 39.5% in 2015–2019 to 38.4% in 2020–2024 (−1.1 percentage points), not a measurable change.

How big are renting households in Richfield?

A renting household in Richfield has 1.9 people on average, against 2.4 in an owned home.

How much do renters earn in Richfield?

The median renting household in Richfield, MN has an income of $64,035 (±$5,478) a year, against $106,855 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Richfield city, Minnesota (place:54214, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.