Richfield, Minnesota, is an inner-ring suburb of the Twin Cities, Minneapolis–St. Paul. Located directly south of Minneapolis, Richfield offers convenient access to Minnesota’s professional sports arenas and is the home of Best Buy, the nation’s largest retailer of electronics.
This city of 35,228 residents takes its name from the acres of rich farmland upon which the houses, parks and retail establishments of American suburbia sit today. The median cost for a home in Richfield is $145,200, and home appreciation in 2012 was 1.32 percent.
You may have heard that location is everything in real estate. Richfield real estateembodies the spirit behind that aphorism, residing less than 20 minutes to every big time attraction in the metro area, including Valleyfair Amusement Park, major league and college sports arenas and the Minnesota Zoo.
When it comes to shopping and dining, Richfield has lots to brag about. The 4.2 million-square foot super-mega behemoth palace of commerce that is the Mall of America is only five miles southeast of town. Some of the other local shopping centers located within a 10-mile radius of Richfield include, but are not limited to, the following:
One of the major attractions inherent to the Twin Cities, and Minnesota in general, is its verdant natural beauty. Richfield is of course no exception. It offers residents and visitors more than 450 acres of lush parkland, including 21 neighborhood parks and the 150-acre Wood Lake Nature Center, replete with pristine wetlands, wooded nature trails and an interpretive center.
The City of Richfield operates an ice area that houses two full-size skating rinks. Broomball and hockey games and figure skating are commonplace at the arena, as are a variety of community events. Close to the ice arena you will find the city’s outdoor swimming complex. Following renovations made in 2003, its features now include a wading pool for the little ones, a 28-foot double water slide and a 50-meter competitive swimming pool.
Richfield real estateincludes as many housing options as you could want. And as an added incentive for buying a home in Richfield, the City offers a comprehensive, advantageous Foreclosure Purchase Incentive Program, a wide range of Educational Programs for first-time home buyers, and creative homeownership alternatives based on income, such as Twin Cities Habitat for Humanity and Homes Within Reach. As of the end of 2012, the median home cost was $145,200 and home prices appreciated by 1.32 percent.
One other enviable attraction that neighboring Minneapolis offers, that even some of the nation’s much larger cities can’t, is a team for which to cheer in each major professional sports league: the NFL’s Minnesota Vikings, Major League Baseball’s Minnesota Twins, the Minnesota Timberwolves of the NBA, and the National Hockey League’s Minnesota Wild, which plays its home games in Saint Paul.
Richfield Public Schools supplies the city with K-12 public education via Centennial Elementary, Sheridan Elementary, Richfield Intermediate, Richfield Middle and Richfield High schools. Private schools in town include Academy of Holy Angels, Blessed Trinity Catholic School, Mount Calvary Lutheran School and Minnesota Japanese School.
Richfield real estateand the surrounding area is loaded with hospitals, healthcare centers and medical care facilities. Some of the best regarded are Fairview Southdale Hospital in Edina, Abbott Northwestern Hospital in Minneapolis and Children’s Hospitals and Clinics.
Residents of the Twin Cities and surrounding suburbs enjoy convenient access to a number of different modes of transportation. In addition to major highways and urban thoroughfares, Richfield’s citizens can utilize taxis, bus lines and the metro’s relatively new light rail system. And finally, the Minneapolis-St. Paul International Airport is virtually in Richfield’s back yard, with the terminals less than nine miles to the east.