Richville, MN housing market
The typical Richville home is worth about $402,000, up 3.7% in a year, 15% above the Minnesota typical home.
Home values, sales, trends and how Richville compares with the towns next door — updated as new data is published.
Richville at a glance
Typical home value, 2016–2026
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| January | Richville | Minnesota |
|---|---|---|
| 2017 | $228,000 | $217,000 |
| 2018 | $237,000 | $232,000 |
| 2019 | $249,000 | $246,000 |
| 2020 | $265,000 | $259,000 |
| 2021 | $295,000 | $282,000 |
| 2022 | $336,000 | $313,000 |
| 2023 | $345,000 | $325,000 |
| 2024 | $360,000 | $331,000 |
| 2025 | $383,000 | $341,000 |
| 2026 | $393,000 | $349,000 |
| August 2026 | $402,000 | $351,000 |
No new homes permitted in 2025
No permits for new homes were issued in Richville in 2025. The last year with any was 2024 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Richville is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $740 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56576; Otter Tail County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.