Richfield, MN Homes for Sale (49 Real Estate Listings)
Richfield, MN Real Estate Statistics
| Average Price | $342K |
|---|---|
| Lowest Price | $1 |
| Highest Price | $3.2M |
| Total Listings | 85 |
| Avg. Price/SQFT | $175 |
Property Types (active listings)
As of July 16, 2025 there are 49 active Richfield, MN real estate listings for sale with an average listing price of $372,533. The highest-priced property listing is $599,900, while the lowest priced property can be purchased for $199,900. Richfield, MN homes for sale have an average price of $175 per square foot, based on listings with an average of 3.2 bedrooms, 2.0 bathrooms, and 2,215 square feet of living space.
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Richfield, MN Real Estate & Homes For Sale
Richfield is a city in Hennepin County, Minnesota. An inner-ring suburb of Minneapolis, Richfield is the home of Best Buy’s HQ and the headquarters for the U.S. operations of Cars.com. The city is filled with a rich history and cultural background. Edina borders Richfield on the west, Bloomington to its south, Minneapolis to the north, and the Minneapolis-St. Paul International Airport is directly east.
History of Richfield
Richfield was founded in 1908 with land purchased by Patrick and Catherine McMahon from Louis W. Hill, the Great Northern Railway owner. The McMahons subdivided their purchase and announced "Richfield Village" would open for settlement on August 1, 1908; one ad proclaimed: "$300 buys you a lot, $1 down and $1 per week." The first settlers to Richfield were Irish immigrants, followed closely by Germans. As of 1915, all available land had been purchased, and Richfield Village was incorporated as a city on November 7, 1916.
Richfield multiplied in the post-World War II years, going from a population of 3,311 in 1940 to 28,101 in 1960. In 1966 Richfield was annexed by the city of Minneapolis under threat of incorporation as an independent city by Edina. The city continues to grow in population and has developed extensively since the 1960s. According to city officials, peak growth occurred between 1950 and 1980, when the people more than tripled. The population declined slightly during the 1980s before stabilizing in the early 1990s.
Richfield is home to many corporate citizens, including Best Buy, the national headquarters for its U.S. operations. Other Richfield-based companies include Radisson, Sun Country Airlines, and Splash CarWashes. The city is also home to the Minnesota Valley National Wildlife Refuge, one of the largest urban national wildlife refuges in the United States.
Demographics of Richfield, Minnesota
Richfield is a city located in Hennepin County, Minnesota. As of the 2010 census, the population was 35,251. Richfield is a first-ring suburb immediately south of Minneapolis. Interstate 35W and Minnesota State Highway 62 are two of the main routes in the city. The Richfield Heritage Center is located near the center of town.
According to the 2010 census, the racial makeup of Richfield was:
70.8% White (non-Hispanic)
21.7% African American
2.0% Asian
0.4% Native American or Alaska Native
3.1% from some other race
1.9% from two or more races.
The median age of Richfield is 38.2 years. The median income for a household in Richfield was $60,064 in 2016. The per capita income for the city was $29,811 in 2016. About 7% of families and 11% of the population were below the poverty line, including 15% of those under age 18 and 6% of those aged 65 or over.
Things to do in Richfield, Minnesota
There are plenty of things to do in Richfield, Minnesota! The city is close to the Minnesota Valley National Wildlife Refuge, one of the largest urban national wildlife refuges in the United States for outdoors enthusiasts. The refuge offers hiking, biking, and nature-watching opportunities for all ages. Here is a list of some of the things you can find to keep yourself entertained in Richfield:
- Visit the Richfield Heritage Center to learn about the city's history
- Check out the Water Tower Place to get a panoramic view of the city
- Spend an afternoon at Wood Lake Nature Center exploring the trails and nature areas
- Take a walk or bike ride through one of Richfield's many parks, such as Veterans Memorial Park.
- Shop 'til you drop at the Mall of America, located just minutes from Richfield
- Grab a bite to eat at one of Richfield's many restaurants, including Minnesota favorites like Ike's Food and Cocktails or Buca di Beppo
For those looking for a more cultural experience, Richfield is home to the Hennepin County Library - Richfield Branch, which offers a variety of programs and events for the community. The city is also home to the Best Buy corporate headquarters, where visitors can tour the facility.
Richfield is a great place to live, work, and raise a family. The community offers a variety of housing options, excellent schools, and plenty of things to do. Richfield is genuinely a great place to call home!
Food in Richfield, Minnesota
Richfield is known for its diverse food options. From American to Somali cuisine, there's something for everyone in Richfield.
One popular spot is the Karmel Mall, located only a short drive from Richfield, and home to several restaurants. Karmel Mall is also the Nation's first Somali Shopping center. Whatever your cravings are, Richfield is sure to satisfy your needs.
Schools in Richfield, Minnesota
Richfield, Minnesota, is home to many great schools. The district has six elementary schools, three middle schools, and one high school. There are also several private and charter schools in the area.
Relocating to Richfield, Minnesota
Richfield is a great place to live. The job market is good, and the quality of life is high. When relocating to Richfield, it is essential to know the cost of living. While the cost of living is relatively affordable, it is still higher than in some other areas in Minnesota. The median home price in Richfield is $257,700, and the median rent is $1,295.
The job market in Richfield is good. The unemployment rate is 3.2%, lower than the national average of 3.7%. The quality of life in Richfield is high. Schools in Richfield are top-notch. Overall, Richfield is a great place to live.
Why Live in Richfield?
When it comes to finding the perfect place to call home, there are a lot of factors to consider. But if you're looking for a community that has it all – from top-notch schools and safe neighborhoods to ample job opportunities and plenty of things to do – you need to look no further than Richfield, Minnesota.
Located just minutes from downtown Minneapolis, Richfield is a thriving suburb that offers its residents the best of both worlds: the convenience and amenities of a big city with the charm and close-knit feel of a small town. And whether you're raising a family or enjoying retirement, there's something for everyone in Richfield.