Richfield, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Richfield, WI Housing Market Trends

With a population of 11,739, 4,488 total housing units (homes and apartments), and a median house value of $462,489, Richfield house prices are not only among the most expensive in Wisconsin, Richfield real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Richfield, accounting for 95.64% of the village's housing units. Other types of housing that are prevalent in Richfield include row houses and other attached homes ( 2.24%), duplexes, homes converted to apartments or other small apartment buildings ( 1.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Richfield. Owner-occupied housing accounts for 97.30% of Richfield's homes, and 82.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Richfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Richfield built between 2000 and later ( 21.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.70%). There's also some housing in Richfield built before 1939 ( 8.18%).

Richfield Home Appreciation Rates

Real estate appreciation rates in Richfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.40% during the period.

Over the last year, Richfield appreciation rates have trailed the rest of the nation. In the last twelve months, Richfield's appreciation rate has been 11.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Richfield were at 5.38%, which equates to an annual appreciation rate of 23.30%.

Relative to Wisconsin, our data show that Richfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$462,489

Richfield, WI HOME PRICES

> $1,268,000
1.9%
1.9%
$951,001 - $1,268,000
2.9%
2.9%
$634,001 - $951,000
11.3%
11.3%
$507,001 - $634,000
16.0%
16.0%
$381,001 - $507,000
24.5%
24.5%
$253,001 - $381,000
31.1%
31.1%
$127,001 - $253,000
11.2%
11.2%
$64,001 - $127,000
0.5%
0.5%
$0 - $64,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for WI

Value Relative To Nation

Number Of Homes And Apartments:
4,488

Richfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
67.43% 2.40%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,339 / per month

Homeownership Rate

Owners
97.3%
97.3%
Renters
2.7%
2.7%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
50.5%
50.5%
1940 - 1969
19.7%
19.7%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
95.6%
95.6%
Townhomes
2.2%
2.2%
Small Apt. Buildings
1.5%
1.5%
Apt. Complexes
0.5%
0.5%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
0.2%
0.2%
2 Bedrooms
8.7%
8.7%
3 Bedrooms
54.9%
54.9%
4 Bedrooms
27.9%
27.9%
5 or more bedrooms
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Richfield

Zip Codes in Richfield, WI