{
  "schema_version": "1.0",
  "submarket": {
    "slug": "richfield-mn",
    "name": "Richfield",
    "state": "MN",
    "city": "RICHFIELD",
    "cbsa": "Minneapolis-St. Paul-Bloomington",
    "zip_codes": [
      "55423"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:53:15.047Z",
    "last_updated_at": "2026-06-02T13:46:13.564Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1265,
        "low": 1214,
        "high": 1315,
        "mom_pct": -12.14,
        "yoy_pct": -10.63
      },
      "2br": {
        "median": 1898,
        "low": 1803,
        "high": 1992,
        "mom_pct": -1.8899999999999997,
        "yoy_pct": 6.01
      },
      "3br": {
        "median": 2410,
        "low": 2350,
        "high": 2471,
        "mom_pct": -2.66,
        "yoy_pct": 0.81
      },
      "4br": {
        "median": 2911,
        "low": 2841,
        "high": 3018,
        "mom_pct": 0.47,
        "yoy_pct": 3.44
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1564,
        "low": 1509,
        "high": 1618,
        "mom_pct": 1.08,
        "yoy_pct": 6.23
      },
      "2br": {
        "median": 1951,
        "low": 1902,
        "high": 2000,
        "mom_pct": 0.15,
        "yoy_pct": 2.25
      },
      "3br": {
        "median": 2665,
        "low": 2566,
        "high": 2764,
        "mom_pct": 0.23,
        "yoy_pct": 3.66
      },
      "4br": {
        "median": 2939,
        "low": 2907,
        "high": 3027,
        "mom_pct": 0.20000000000000004,
        "yoy_pct": 2.76
      }
    },
    "single_family": {
      "1br": {
        "median": 1696,
        "low": 1672,
        "high": 1755,
        "mom_pct": 0.71,
        "yoy_pct": 6.599999999999999
      },
      "2br": {
        "median": 2086,
        "low": 2013,
        "high": 2159,
        "mom_pct": 4.99,
        "yoy_pct": 9.4
      },
      "3br": {
        "median": 2476,
        "low": 2414,
        "high": 2538,
        "mom_pct": -0.7200000000000001,
        "yoy_pct": 2.06
      },
      "4br": {
        "median": 2891,
        "low": 2804,
        "high": 2977,
        "mom_pct": -1.3,
        "yoy_pct": 2.94
      }
    }
  },
  "vacancy": 3.4672,
  "days_on_market": {
    "apartment": 32,
    "condo_townhome": 29,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments drop 12.14% to $1,265",
      "body": "In the Richfield (55423) rental market, 1-bedroom apartment rents fell significantly, decreasing 12.14% month-over-month and reaching a median of $1,265 in April 2026. The year-over-year decline was 10.63%, marking this segment as the steepest drop among all tracked unit types."
    },
    {
      "headline": "2BR single-family outpaces apartments by $188",
      "body": "Single-family homes with 2 bedrooms in Richfield (55423) commanded a median rent of $2,086 in April 2026, which is $188 above comparable apartments and $135 over condo/townhomes. This segment surged 4.99% month-over-month, representing the largest monthly gain across all segments."
    },
    {
      "headline": "4BR condos/townhomes rise 2.76% YoY",
      "body": "April data highlights that Richfield (55423) rental trends show 4-bedroom condos/townhomes increased 2.76% year-over-year to a median rent of $2,939. This YoY growth slightly exceeded the 2.94% rise for single-family homes, while apartment rents in this segment stood at $2,911."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Richfield, MN range from $1,265 to $2,951 per month depending on property type and bedroom count.",
      "The largest year-over-year increase is for single-family 2BR units in Richfield, MN, which rose 9.40% compared to April 2025.",
      "For 1BR units, single-family homes have a median rent of $1,696, while apartments rent for $1,265 per month."
    ],
    "qa": [
      {
        "question": "What is the range of rent prices in Richfield, MN according to the April 2026 report?",
        "answer": "In Richfield, MN as of April 2026, rent prices range from $1,265 per month for a 1BR apartment up to $2,951 per month for a 4BR apartment."
      },
      {
        "question": "How much more does a single-family home cost compared to an apartment for the same bedroom count in Richfield, MN?",
        "answer": "Single-family 1BR units rent for $1,696 versus $1,265 for apartment 1BRs, a difference of $431; single-family 2BR units rent for $2,086 versus $1,898 for apartment 2BRs, a difference of $188 as of April 2026."
      },
      {
        "question": "What is the most affordable property and bedroom combination currently available in Richfield, MN?",
        "answer": "The most affordable option in Richfield, MN is a 1BR apartment with a median rent of $1,265 in April 2026."
      },
      {
        "question": "Which segment in Richfield, MN shows the most unusual rent movement in April 2026?",
        "answer": "The apartment 1BR segment exhibits an outlier with a month-over-month change of -12.14% and a year-over-year change of -10.63%, both notably more dramatic than other segments."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1265,
          "2br": 1898,
          "3br": 2410,
          "4br": 2911
        },
        "condo_townhome": {
          "1br": 1564,
          "2br": 1951,
          "3br": 2665,
          "4br": 2939
        },
        "single_family": {
          "1br": 1696,
          "2br": 2086,
          "3br": 2476,
          "4br": 2891
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1439,
          "2br": 1934,
          "3br": 2476,
          "4br": 2897
        },
        "condo_townhome": {
          "1br": 1547,
          "2br": 1948,
          "3br": 2659,
          "4br": 2933
        },
        "single_family": {
          "1br": 1684,
          "2br": 1987,
          "3br": 2494,
          "4br": 2929
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1440,
          "2br": 1848,
          "3br": 2498,
          "4br": 2922
        },
        "condo_townhome": {
          "1br": 1556,
          "2br": 1968,
          "3br": 2672,
          "4br": 2948
        },
        "single_family": {
          "1br": 1681,
          "2br": 1979,
          "3br": 2569,
          "4br": 2885
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1496,
          "2br": 1875,
          "3br": 2516,
          "4br": 2950
        },
        "condo_townhome": {
          "1br": 1559,
          "2br": 1978,
          "3br": 2689,
          "4br": 2973
        },
        "single_family": {
          "1br": 1677,
          "2br": 1982,
          "3br": 2566,
          "4br": 2874
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1510,
          "2br": 1900,
          "3br": 2537,
          "4br": 2971
        },
        "condo_townhome": {
          "1br": 1571,
          "2br": 1992,
          "3br": 2714,
          "4br": 3000
        },
        "single_family": {
          "1br": 1683,
          "2br": 1996,
          "3br": 2589,
          "4br": 2908
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1517,
          "2br": 1911,
          "3br": 2541,
          "4br": 2975
        },
        "condo_townhome": {
          "1br": 1571,
          "2br": 2000,
          "3br": 2730,
          "4br": 3017
        },
        "single_family": {
          "1br": 1689,
          "2br": 2007,
          "3br": 2603,
          "4br": 2911
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1507,
          "2br": 1900,
          "3br": 2527,
          "4br": 2959
        },
        "condo_townhome": {
          "1br": 1569,
          "2br": 1990,
          "3br": 2730,
          "4br": 3017
        },
        "single_family": {
          "1br": 1687,
          "2br": 2007,
          "3br": 2606,
          "4br": 2899
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1493,
          "2br": 1883,
          "3br": 2506,
          "4br": 2936
        },
        "condo_townhome": {
          "1br": 1559,
          "2br": 1983,
          "3br": 2720,
          "4br": 3007
        },
        "single_family": {
          "1br": 1680,
          "2br": 2004,
          "3br": 2594,
          "4br": 2889
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1477,
          "2br": 1863,
          "3br": 2482,
          "4br": 2907
        },
        "condo_townhome": {
          "1br": 1554,
          "2br": 1976,
          "3br": 2704,
          "4br": 2988
        },
        "single_family": {
          "1br": 1668,
          "2br": 1992,
          "3br": 2619,
          "4br": 2895
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1460,
          "2br": 1842,
          "3br": 2456,
          "4br": 2878
        },
        "condo_townhome": {
          "1br": 1525,
          "2br": 1967,
          "3br": 2676,
          "4br": 2959
        },
        "single_family": {
          "1br": 1654,
          "2br": 1967,
          "3br": 2573,
          "4br": 2857
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1442,
          "2br": 1822,
          "3br": 2427,
          "4br": 2854
        },
        "condo_townhome": {
          "1br": 1506,
          "2br": 1952,
          "3br": 2641,
          "4br": 2927
        },
        "single_family": {
          "1br": 1635,
          "2br": 1953,
          "3br": 2524,
          "4br": 2864
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1424,
          "2br": 1801,
          "3br": 2399,
          "4br": 2829
        },
        "condo_townhome": {
          "1br": 1484,
          "2br": 1931,
          "3br": 2599,
          "4br": 2890
        },
        "single_family": {
          "1br": 1611,
          "2br": 1928,
          "3br": 2515,
          "4br": 2826
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/richfield-mn/",
    "self": "https://data.estaite.com/feeds/richfield-mn.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}