1. States
  2. /Minnesota
  3. /Hennepin County
  4. /Richfield
CSAMinneapolis-St. PaulMSAMinneapolis-St. Paul-Bloomington#21/210 Population

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Showing latest census year. Full demographic history available with a paid plan. View plans →

Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

36,642

Median Agei

39.4

Race & Ethnicityi

White
60.9%22,298
Hispanic/Latino
17.8%6,540
Black
10.7%3,917
Asian
5.5%2,022
Two or More
4%1,464
Other
0.7%271
American Indian/Alaska Native
0.4%130

Educational Attainment (Age 25+)i

GED/Alternative
2.2%613
High School Diploma
17.4%4,761
Some College (<1 yr)
6.3%1,727
Some College (1+ yr)
12.6%3,444
Associate's Degree
9%2,459
Bachelor's Degree
31.1%8,500
Master's Degree
8.6%2,345
Professional Degree
2.3%637
Doctorate
1.6%439
HS or Higher
91.3%
BA or Higher
43.7%
Graduate+
12.5%

Housingi

Median Home Valuei

$344,000

Median Renti

$1,393

Tenure

Owner-Occupied
61.6%10,186
Renter-Occupied
38.4%6,361

Total Units

17,183

Homeownership

61.6%

Vacancy Rate

3.7%

Economyi

Median Household Incomei

$85,132

Mean Household Incomei

$107,345

Per Capita Incomei

$47,856

Poverty Ratei

8.1%

Unemploymenti

5.3%

Labor Forcei

21,591

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

456

Residentsi

557

Avg. Tenant Renti

$407/mo

Avg. Waitlisti

1 months

Programs in this community

Housing Choice Vouchers10 homes96% occupied$728/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 8193 homes96% occupied$386/mo rent

Privately owned apartments with rent subsidies tied to the building

811/PRAC13 homes92% occupied$478/mo rent

Household Incomei

Based on area median of $85,132/yr

Extremely low incomeUnder $26K/yr
88.2%
Very low income$26K–$43K/yr
10.1%
Low income$43K–$68K/yr
1.3%
Moderate / aboveOver $68K/yr
0.4%

Who Receives This Housing

59.8% of subsidized households are headed by a single mother

43% of subsidized households are minority

77% of subsidized households include someone with a disability

45.4% of subsidized households include a senior (62+)

Social Characteristicsi

Veteransi

1,337(4.5% of civilian adults)