Real Estate Investing in Richmond, Minnesota
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Should you buy in Richmond, MN? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.8% of homes vacant — above national norms.
What’s happening in Richmond, MN?
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Market Trends — Richmond, MN
Home Value History
Investing in Richmond Real Estate
Across Richmond's 1 ZIPs, the picture is soft: $371K median values, $936/mo rents, and a population that has faced real economic pressure.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Richmond is in that category.
The $936/mo / $371K relationship in Richmond looks soft once vacancy and capex are incorporated into underwriting. tilts toward the realized yield tends to disappoint.
Richmond's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.
Best ZIP codes in St. Cloud, MN
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Landlord Ground Truth
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ZIP Codes in Richmond, MN
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View PlansFrequently Asked Questions About Richmond, MN
What kind of market is Richmond, MN for investors?
Investors tracking Richmond, MN will find a 3.0/5 rating supported by $371K median home values and $936/mo rents. That profile suits long-term holders targeting consistent returns.
What kind of vacancy should I budget for in Richmond, MN?
Richmond, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do rents currently stand in Richmond, MN?
Investors in Richmond, MN typically see rents near $936/mo per month against $371K home values - a solid setup for rental cash flow.
Is house hacking profitable in Richmond, MN?
House hacking works a challenging in Richmond, MN. Rents of $936/mo against $371K acquisition make the strategy solid for owner-occupants.
Are homes affordable in Richmond, MN?
Richmond, MN home values average about $371K. That price point suits investors targeting rentals with $936/mo in monthly income.
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