New Richmond, WI housing market
The typical New Richmond home is worth about $377,000, up 0.8% in a year, 11% above the Wisconsin typical home. Homes typically sell in 50 days, close to asking.
Home values, sales, trends and how New Richmond compares with the towns next door — updated as new data is published.
New Richmond at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | New Richmond | Wisconsin |
|---|---|---|
| 2017 | $215,000 | $180,000 |
| 2018 | $230,000 | $190,000 |
| 2019 | $246,000 | $202,000 |
| 2020 | $264,000 | $215,000 |
| 2021 | $294,000 | $238,000 |
| 2022 | $335,000 | $263,000 |
| 2023 | $350,000 | $282,000 |
| 2024 | $356,000 | $299,000 |
| 2025 | $372,000 | $317,000 |
| 2026 | $375,000 | $333,000 |
| August 2026 | $377,000 | $340,000 |
129 new homes permitted in 2025
Builders were permitted 129 new homes in New Richmond in 2025: 127 single-family houses and 2 in buildings with two or more homes, worth about $33.6 million to build. That's 12 per 1,000 residents, faster than across Wisconsin (4.3). Over the past 10 years, New Richmond has permitted 1,116 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Richmond gained 1,704 residents while 711 new homes were permitted: about 2.4 new residents per new home. Building and growth moved roughly in step. Across Wisconsin: 1.3 new residents per new home.
How New Richmond ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 135 | 135 | 0 | $30.2 million |
| 2025 | 129 | 127 | 2 | $33.6 million |
| 2024 | 89 | 87 | 2 | $22.5 million |
| 2023 | 67 | 63 | 4 | $16.1 million |
| 2022 | 87 | 85 | 2 | $19.7 million |
| 2021 | 136 | 106 | 30 | $27 million |
| 2020 | 147 | 123 | 24 | $25.9 million |
| 2019 | 164 | 144 | 20 | $25.1 million |
| 2018 | 138 | 112 | 26 | $23.7 million |
| 2017 | 102 | 55 | 47 | $15.1 million |
| 2016 | 57 | 43 | 14 | $8.6 million |
| 2015 | 55 | 22 | 33 | $7.3 million |
| 2014 | 67 | 11 | 56 | $6.4 million |
| 2013 | 7 | 7 | 0 | $1 million |
| 2012 | 90 | 62 | 28 | $9.7 million |
| 2011 | 16 | 16 | 0 | $1.5 million |
| 2010 | 15 | 15 | 0 | $1.7 million |
| 2009 | 11 | 11 | 0 | $1.2 million |
| 2008 | 34 | 22 | 12 | $3.9 million |
| 2007 | 61 | 36 | 25 | $7.4 million |
| 2006 | 61 | 56 | 5 | $9.5 million |
| 2005 | 127 | 88 | 39 | $19.2 million |
| 2004 | 119 | 99 | 20 | $19.1 million |
| 2003 | 216 | 127 | 89 | $25.5 million |
| 2002 | 166 | 110 | 56 | $18.9 million |
| 2001 | 165 | 39 | 126 | $16.5 million |
| 2000 | 60 | 24 | 36 | $6.6 million |
How New Richmond ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Richmond and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Richmond | $377K | +0.8% | $1,520 | 129 | $88,157 |
| Richmond | — | +2.9%† | $1,520 | 11 | $116,607 |
| Star Prairie | — | +2.2%† | $1,520 | 16 | $101,518 |
| Stanton | — | +3.1%† | $1,520 | 0 | $95,000 |
| Erin Prairie | — | +4.3%† | $1,520 | 0 | $99,306 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical New Richmond home costs about 4.3 years of the town's median household income, about the same as across Wisconsin (4.4).
How New Richmond ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in New Richmond is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Richmond pay a median of $1,168, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54017; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), 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, May 2026. 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.