Is Richfield, MN a good place to invest in rental property?

Richfield, MN has a median modeled monthly cash flow of $-802 and a median cap rate of 3.6%, on a median sold price of $354,000. Prices changed +3.3% year over year.

What is the average cap rate in Richfield, MN?

The median cap rate across recently sold homes in Richfield, MN is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richfield, MN?

The median sold price in Richfield, MN is $354,000 (about $218 per square foot).

Investing in Richfield, MN Real Estate

A data-driven snapshot of the Richfield, MN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$354,000Median sold price

$218Median $/sqft

3.6%Median cap rate

$-802Modeled cash flow / mo

+3.3%Appreciation YoY

5.4Months of supply

170Active listings

377Sold (last 12 mo)

What the Richfield numbers say

In Richfield, MN, the median home sold for $354,000 (about $218 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-802 of monthly cash flow. Sold prices moved +3.3% over the past year. Inventory sits at about 5.4 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Minnesota markets to compare

See Richfield cash-flowing listings

CashFlowRE ranks every for-sale home in Richfield, MN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Richfield deals, or browse the national market data.