Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Richville

Learn about the people, housing, costs and businesses in Richville, Minnesota

Median Home$238,100
Median Rent$747/month
Population78
Leading IndustriesRetail · Wholesale Trade18% retail
Home Value Growth⬆⬆⬆+24.3% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners81% of occupied units
NotableTransit83/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Richville
MN

Frequently Asked Questions

What are today's mortgage rates in Richville?

As of today, the 30-year fixed mortgage rate for Richville is approximately 7.004% (7.044% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Richville
What is the median home price in Richville?

The median home value in Richville is $238k. The median monthly rent is $747. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richville?

Home values in Richville have increased 24.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Richville?

Based on a typical all-in ownership cost of $937/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richville is $72k/year.

Calculate your buying power
What industries drive the economy in Richville?

The largest employment sectors in Richville are public administration (23%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.