What is the median home value in Richmond, MN?

Name: Home values in Richmond, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Richmond, MN is $241,300 (±$10,733), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Richmond, the median home value went from $158,200 in 2015–2019 to $241,300 in 2020–2024 (+52.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $241,300 (±$10,733)
Owner-occupied homes: 499 (±62)
Most common range: $200,000 to $299,999

Home values in Richmond

Owner-occupied homes by value, 2020–2024
Value	Richmond	Stearns County	Minnesota	United States
Less than $50,000	1.2% (±1.2 points)	3.9%	4.0%	5.3%
$50,000 to $99,999	1.0% (±1.0 points)	2.4%	3.7%	6.1%
$100,000 to $149,999	8.6% (±7.5 points)	7.4%	5.2%	6.8%
$150,000 to $199,999	14.8% (±4.6 points)	13.7%	8.1%	9.0%
$200,000 to $299,999	54.5% (±8.0 points)	29.8%	22.6%	17.8%
$300,000 to $499,999	19.4% (±5.4 points)	29.5%	36.9%	26.9%
$500,000 to $999,999	0.4% (±0.5 points)	11.5%	17.0%	20.9%
$1,000,000 or more	0.0% (±4.4 points)	1.8%	2.6%	7.1%

The most common range is $200,000 to $299,999, 54.5% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Richmond against Stearns County, its state and the nation

Estimate (90% margin of error)
	Richmond	Stearns County	Minnesota	United States
Median home value	$241,300 (±$10,733)	$273,400 (±$5,311)	$329,300 (±$903)	$332,700
Owner-occupied homes	499 (±62)	41,663 (±663)	1,666,687 (±7,556)	84,210,142

In Richmond, the median home value is lower than in Stearns County ($273,400).

It is also lower than in Minnesota ($329,300).

It is lower than the national figure ($332,700).

In Stearns County, Richmond ranks 42 of 63 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1409 of 2,558.

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

How home values in Richmond have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$158,200 (±$7,932)	$241,300 (±$10,733)	+52.5%	Up after inflation
Median owner cost with a mortgage	$1,317 (±$94)	$1,500 (±$84)	+13.9%	No measurable change after inflation
Median real estate taxes	$1,870 (±$257)	$2,561 (±$116)	+37.0%	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.

Median home value in places near Richmond

Nearest places with a published estimate, compared with Richmond
Place	Distance	Median home value	Compared with this place
Richmond	—	$241,300 (±$10,733)	—
Wakefield Township	2.7 mi	$394,700 (±$35,666)	Higher
Munson Township	3.2 mi	$398,800 (±$29,199)	Higher
Cold Spring	4.1 mi	$280,400 (±$39,180)	Not measurably different
Roscoe	6.2 mi	$173,200 (±$68,777)	Not measurably different
Eden Lake Township	6.6 mi	$360,900 (±$37,286)	Higher
Luxemburg Township	6.8 mi	$351,500 (±$62,964)	Higher
Farming Township	7.0 mi	$385,000 (±$35,192)	Higher
Collegeville Township	7.4 mi	$468,600 (±$26,835)	Higher

Nearby places with a measurably higher figure: Wakefield Township, MN ($394,700), Munson Township, MN ($398,800), Eden Lake Township, MN ($360,900).

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

Median home value across Stearns County, place by place

Rank	Place	Median home value
36	Cold Spring	$280,400 (±$39,180)
37	Spring Hill Township	$278,300 (±$54,607)
38	St. Stephen	$262,100 (±$21,170)
39	North Fork Township	$261,100 (±$64,308)
40	Raymond Township	$252,300 (±$44,107)
41	Avon	$245,100 (±$21,446)
42	Richmond	$241,300 (±$10,733)
43	Albany	$238,500 (±$8,593)
44	St. Joseph	$237,700 (±$30,003)
45	Kimball	$232,200 (±$20,433)
46	Sauk Centre	$225,700 (±$39,440)
47	St. Cloud	$225,000 (±$6,877)
48	Freeport	$223,200 (±$8,459)

Showing 13 of 63 places in Stearns 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.

What you can do on Seayora in Richmond

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Richmond beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Richmond, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Richmond, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Richmond

What is the average home value in Richmond, MN?

The Census Bureau publishes the median: $241,300 (±$10,733) for owner-occupied homes in Richmond (2020–2024 American Community Survey).

Have home values in Richmond gone up?

In Richmond, the median home value went from $158,200 in 2015–2019 to $241,300 in 2020–2024 (+52.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Richmond sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Richmond city, Minnesota (place:54268, in state:27).

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

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.