HomeMinnesotaStearns CountyRichmond
Richmond, Minnesota: commercial real estate data.
Richmond is a Census city of 1,431 people across 1.19 square miles of land, in Stearns County. Median household income is $71,438, 86.2 percent of occupied homes are owned, and the SBA record carries 28 7(a) approvals to borrowers here worth $11.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Richmond
What Richmond is
- Census place typecity
- Land area1.19 sq mi
- Water area0.02 sq mi
- Population per square mile of land1,200
- County holding the largest share of its areaStearns County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How many people live in Richmond
- Population1,431
- Median age39.5
- Population under 18343
- Share under 1824.0 percent
- Population 65 and over237 plus or minus 55
- Share 65 and over16.6 percent plus or minus 3.4
- Households579
- Family households384
- Share of households that are families66.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Income and work in Richmond
- Median household income$71,438 plus or minus $19,281
- Per capita income$34,659
- Civilian labor force853
- Employed839
- Unemployed14 plus or minus 12
- Unemployment rate1.6 percent plus or minus 1.4
- Adults 25 and over937
- Adults 25 and over with a high school diploma or higher90.9 percent
- Adults 25 and over with a bachelor degree or higher17.8 percent
- Adults 25 and over with a graduate degree4.2 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Housing in Richmond
- Housing units602
- Occupied units579
- Vacant units23 plus or minus 25
- Vacancy rate3.8 percent plus or minus 4.1
- Owner occupied499
- Renter occupied80 plus or minus 34
- Ownership rate86.2 percent
- Median owner-occupied home value$241,300
- Median gross rent, monthly$648
- Annual rent as a share of median income10.9 percent plus or minus 3.4
- Single family units553
- Share single family91.9 percent
- Units in buildings of two or more49 plus or minus 30
- Share in buildings of two or more8.1 percent plus or minus 4.9
- Mobile homes0
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How Richmond gets to work
- Workers 16 and over who commute714
- Commuting under 15 minutes333 plus or minus 71
- Share commuting under 15 minutes46.6 percent
- Commuting 30 minutes or more197 plus or minus 42
- Share commuting 30 minutes or more27.6 percent
- Drove alone79.6 percent
- Carpooled6.6 percent plus or minus 3.3
- Public transport0.9 percent plus or minus 1.4
- Walked0.7 percent plus or minus 0.7
- Worked from home11.0 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
SBA loans in Richmond (7(a))
- Approvals28
- Gross approval$11,303,300
- Average approval$403,689
- Median approval$183,900
- Ninetieth percentile approval$872,350
- Largest approval$2,581,100
- Jobs supported261
- Jobs per approval9.3
- Loans with a final outcome7
- Paid in full5
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more21.4 percent
- Share to franchises7.1 percent
- Distinct lenders7
- Distinct industries by NAICS15
Counted by borrower city: approvals to borrowers whose address is in Richmond, in any county, FY2020 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond
SBA loans in Richmond (504)
- Approvals7
- Gross approval$4,322,000
- Average approval$617,429
- Median approval$334,000
- Largest approval$1,944,000
- Jobs supported49
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Richmond, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Richmond
Flood risk in Richmond
- NFIP communityCity of Richmond
- NFIP community number270453
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/16/12
The City of Richmond participates in the National Flood Insurance Program as community 270453 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Stearns County, not Richmond
Stearns County context, not Richmond figures
- Establishments in Stearns County4,474
- Covered employment, Stearns County87,252
- Average annual pay, Stearns County$62,313
- Housing units permitted, Stearns County572
Every figure in this section is published for Stearns County as a whole and is not a measurement of Richmond.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Richmond questions, answered from the record.
How many people live in Richmond, Minnesota?
1,431, in 579 households. Richmond city covers 1.19 square miles of land, which is 1,200 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Richmond in?
Stearns County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Richmond?
$71,438. The median owner-occupied home is valued at $241,300. Median gross rent is $648 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Richmond businesses?
28 7(a) approvals totaling $11.3 m since FY2020, across 7 lenders, median approval $183,900, plus 7 504 approvals worth $4.3 m since FY2010. These count approvals to borrowers whose address is in Richmond, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Richmond borrowers get paid back?
No rate is published for Richmond. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Richmond in the National Flood Insurance Program?
Yes. Richmond appears in the FEMA Community Status Book as Richmond, city of, community 270453, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Richmond figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Stearns County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Richmond.
Is zoning published for Richmond?
No. Nothing on this page presents parcel level zoning.