Real Estate Investing in Richfield, Minnesota

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1 ZIP codes • Population: 36,779 • Hennepin County

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Should you buy in Richfield, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (69/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Richfield, MN?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.8% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $352,469
Avg Monthly Rent $1,412
ZIP Codes 1

Investing in Richfield Real Estate

Richfield, MN covers 1 ZIP codes and a population but the investment metrics here are muted — this is not a market to enter casually.

Richfield is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

The $1,412/mo / $352K relationship in Richfield looks subdued once vacancy and capex are incorporated into underwriting. looks to the realized yield tends to disappoint.

Demographics in Richfield show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Minneapolis-St. Paul-Bloomington, MN-WI

Richfield is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Hennepin County

Manage rentals here? List your business →

JJS Property Management of Central Minnesota offers a wide choice of apartments in various areas including Avon, Buffalo, Milaca, Monticello, Royalton, Sartell, Sauk Rapids, St. Cloud, and St. Joseph. summary from their website

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MGM Property Management, LLC provides property management services for rental properties, homeowner associations, and commercial tenants in the Twin Cities, Rochester, and St. Cloud areas. summary from their website

Single-familySmall multifamilyCommercialHOA
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Simply Residential Property Management offers expert management of single-family, condominiums, and multi-family dwellings throughout the Twin Cities. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$352,469
Avg Monthly Rent
$1,412
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Richfield, MN

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Frequently Asked Questions About Richfield, MN

How much do tenants pay in Richfield, MN?

Rent in Richfield, MN is around $1,412/mo. The resulting rent-to-value relationship with $352K pricing is reasonable for most investor models.

Which real estate strategy fits Richfield, MN?

The best-fit strategy in Richfield, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

What price range are homes in Richfield, MN?

The median home value in Richfield, MN is roughly $352K. That puts it reasonable relative to the MN statewide average.

Does Richfield, MN make sense for an investment property?

With a 3.0/5 investability score, Richfield, MN ranks as a solid market for rental property investors. Median prices of $352K and rents of $1,412/mo drive the underlying numbers.

Is it easy to find good tenants in Richfield, MN?

Tenant demand in Richfield, MN is solid. The local workforce $1,412/mo rents across most rental classes.

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