Richwood, MN housing market
Home prices around Richwood have risen about 48% over the past 5 years.
Home values, sales, trends and how Richwood compares with the towns next door — updated as new data is published.
Home prices up 48% in 5 years
The federal house price index for the ZIP codes around Richwood rose 48% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 6%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +6% | +207% | +127% |
| 2024 | +9.1% | +189% | +120% |
| 2023 | +1.5% | +165% | +113% |
| 2022 | +15% | +161% | +104% |
| 2021 | +9.1% | +126% | +82% |
| 2020 | −0.1% | +107% | +66% |
| 2019 | +7% | +108% | +61% |
| 2018 | +5% | +94% | +55% |
| 2017 | +4.2% | +85% | +46% |
| 2016 | +2.1% | +78% | +38% |
| 2015 | +4% | +74% | +32% |
| 2014 | +5.8% | +67% | +28% |
| 2013 | +0.6% | +58% | +21% |
| 2012 | −0.5% | +57% | +16% |
| 2011 | −2.3% | +58% | +18% |
| 2010 | −3% | +62% | +25% |
| 2009 | +1.5% | +67% | +33% |
| 2008 | 0% | +64% | +42% |
| 2007 | +3.5% | +64% | +48% |
| 2006 | +5.6% | +59% | +49% |
| 2005 | +13% | +50% | +45% |
| 2004 | +8.9% | +33% | +34% |
| 2003 | +3% | +22% | +23% |
| 2002 | +9.5% | +19% | +18% |
| 2001 | +8.5% | +8.6% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56501, 56521, covering 76% of Richwood’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Richwood and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Richwood | — | +6%† | $1,050 | $69,750 |
| Detroit | — | +6%† | $1,070 | $93,587 |
| Callaway | $265K | +8.3% | $1,010 | $73,929 |
| Hamden | — | +6.8%† | $1,020 | $91,800 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Richwood is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Richwood pay a median of $1,671.
Studio $720 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56501, 56521; Becker 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. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.