Home prices
New Richmond's median home value is $180,100. In comparison to the surrounding areas this is approximately $23,080 (14%) higher.Compared to the entire nation it is approximately $37,400 (17%) lower, and is approximately $71,500 (28%) lower in comparison to the city of Minneapolis.
Rents
The median monthly rent in New Richmond is $835. In comparison to the surrounding areas it is is very similar.Compared to the entire country it is roughly $227 (21%) lower, and compared to the city of Minneapolis is approximately $192 (18%) lower.
Nearby places
Star Prairie
Star Prairie is approximately 4 miles north of New Richmond. The housing prices there are somewhat less expensive. The median home in Star Prairie is valued at $163,500, which is $16,600 (10%) lower than New Richmond. The rent there is a bit less expensive. In Star Prairie the median rent is $781 a month, which works out to $54 (6%) lower than New Richmond.
Somerset
Somerset is approximately 5 miles west of New Richmond. The housing prices there are fairly similar. The median home cost in Somerset is $172,600, which is $7,500 (4%) lower than New Richmond. Rent there is somewhat more expensive. Somerset's median monthly rent is $960, which works out to $125 (13%) higher than New Richmond.
Deer Park
Deer Park is roughly 7 miles northeast from New Richmond. Its housing prices are a lot less expensive. Deer Park's median home price is $130,000, which works out to $50,100 (38%) lower than New Richmond. Rent there is a lot less expensive. Deer Park's median rent is $594 a month, which works out to $241 (40%) lower than New Richmond.
Roberts
Roberts is roughly 9 miles south from New Richmond. Real estate prices there are somewhat less expensive. The value of the median home in Roberts is $170,900, which is $9,200 (5%) lower than New Richmond. Rents there are somewhat more expensive. In Roberts the median rent is $965 a month, which is $130 (13%) higher than New Richmond.
Hammond
Hammond is approximately 10 miles southeast of New Richmond. The housing prices there are a little less expensive. The cost of the median home in Hammond is $148,100, which works out to $32,000 (21%) lower than New Richmond. Rent there is somewhat more expensive. The median monthly rent in Hammond is $909, which is $74 (8%) higher than New Richmond.
