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Median Home Price in Richfield, MN

The median home value in Richfield, MN is $354,994 as of 2026-06-30, up 2.35% from a year earlier.

Median Home Value

$354,994

Year-over-Year

+2.35%

Population

36,287

Richfield ranks #58 of 112 Minnesota cities tracked here by median home value, and sits 0.7% below the state's city median of $357,406. It sits in Hennepin County, where the county-wide median is $395,883.

Crime in Richfield

Richfield police recorded a violent crime rate of 267 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 2,461 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Richfield

How much does a house cost in Richfield, MN?

The median home value in Richfield is $354,994. That's up 2.35% from a year earlier. That is about 0.7% below the typical county in Minnesota.

Is Richfield expensive compared to the surrounding area?

Homes in Richfield are cheaper than Hennepin County as a whole, where the median is $395,883 — a difference of about 10.3%.

Is Richfield a safe place to live?

Richfield police reported 267 violent crimes per 100,000 residents, covering a population of about 36,287. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.