Census tract · Hennepin County
Census Tract 242, Hennepin County, Minnesota
Census Tract 242, GEOID 27053024200, in Hennepin County, Minnesota, entirely within Richfield. 3,236 residents in the ACS 2020-2024 5-year estimates (±365); the 2020 Census counted 3,190.
Residents, 2020-2024
3,236
±365 (90% margin)
2020 Census count: 3,190
Median household income
$132,917
±$16,283 (90% margin)
Hennepin County: $97,653
Median home value
$366,300
±$14,458 (90% margin)
Hennepin County: $392,900
Median gross rent
$1,926
±$301 (90% margin)
Hennepin County: $1,487
Where is Census Tract 242?
Census Tract 242 is one of 329 census tracts in Hennepin County, Minnesota. It covers 0.65 square miles of land, 4,893 residents per square mile in 2020. Its GEOID, 27053024200, names it uniquely (how tract numbers and GEOIDs work).
| Place | Share of the tract |
|---|---|
| Richfield | 100% |
5 census tracts border Census Tract 242: Tract 240.04 ($63,420), Tract 240.05 ($79,886), Tract 241 ($96,848), Tract 243 ($72,030) and Tract 245 ($114,524). The figure in brackets is each tract's median household income.
Whether a tract counts as low- or moderate-income for bank lending (the Community Reinvestment Act) is set by the FFIEC against its metro area's family income: look it up in the FFIEC census geocoder.
Source: 2024 Gazetteer and 2020 block assignment files, U.S. Census Bureau · Census reference files
How many people live in Census Tract 242?
The 2020-2024 American Community Survey puts Census Tract 242's population at 3,236 (±365) in 1,373 households; the 2020 Census counted 3,190 residents and 1,378 housing units.
| Measure | Tract 242 | Richfield |
|---|---|---|
| Total population | 3,236±365 | 36,642 |
| Households | 1,373±118 | 16,547 |
| Average household size | 2.34±0.15 | 2.19 |
| Housing units | 1,373±118 | 17,183 |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); 2020 Census P.L. 94-171 · Check it at data.census.gov
Who lives in Census Tract 242?
The median resident of Census Tract 242 is 43.6 years old; 19.6% are under 18 and 18.1% are 65 or older. The largest group is non-Hispanic white residents at 83.1%, then non-Hispanic Black residents at 9.4%. 4.4% of residents were born outside the United States.
| Measure | Tract 242 | Richfield |
|---|---|---|
| Median age | 43.6±3.6 | 39.4 |
| Under 18 years | 19.6%±3.4 pts | 18.2% |
| 65 years and over | 18.1%±3.8 pts | 19.1% |
| Hispanic or Latino (any race) | 4.5%±3.0 pts | 17.8% |
| White alone, not Hispanic | 83.1%±10.9 pts | 60.9% |
| Black or African American alone, not Hispanic | 9.4%±10.8 pts | 10.7% |
| Asian alone, not Hispanic | 1.0%±0.9 pts | 5.5% |
| American Indian and Alaska Native alone, not Hispanic | 0.0%±0.7 pts | 0.4% |
| Native Hawaiian and Other Pacific Islander alone, not Hispanic | 0.0%±0.7 pts | 0.0% |
| Two or more races, not Hispanic | 1.9%±1.6 pts | 4.0% |
| Some other race alone, not Hispanic | 0.0%±0.7 pts | 0.7% |
| Born outside the United States | 4.4%±2.2 pts | 16.9% |
| Speak a language other than English at home (age 5+) | 6.7%±3.3 pts | 23.9% |
| Civilian veterans (age 18+) | 4.5%±2.4 pts | 4.5% |
| With a disability | 8.7%±3.7 pts | 12.2% |
| No health insurance coverage | 1.9%±1.6 pts | 5.4% |
| High school graduate or higher (age 25+) | 96.5%±1.9 pts | 91.3% |
| Bachelor's degree or higher (age 25+) | 65.3%±7.2 pts | 43.7% |
| Graduate or professional degree (age 25+) | 18.5%±5.3 pts | 12.5% |
| Lived in the same house a year earlier | 96.7%±1.9 pts | 87.8% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profiles DP02, DP05) · Check it at data.census.gov
What do households in Census Tract 242 earn?
Half of the 1,373 households in Census Tract 242 earn less than $132,917 a year (±$16,283), against $97,653 across Hennepin County: 78th highest of the county's 324 tracts with a reliable estimate.
| Measure | Tract 242 | Richfield |
|---|---|---|
| Median household income | $132,917±$16,283 | $85,132 |
| Mean household income | $156,676±$15,180 | $107,345 |
| Per capita income | $66,421±$7,510 | $47,856 |
| People below the poverty line | 3.3%±2.5 pts | 8.2% |
| Children under 18 below the poverty line | 0.0%±3.5 pts | 6.3% |
| Households receiving SNAP | 3.7%±4.1 pts | 8.1% |
| Households with a computer | 100.0%±1.6 pts | 95.5% |
| Households with a broadband subscription | 98.8%±1.4 pts | 91.6% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
What does housing cost in Census Tract 242?
Owners occupy 90.6% of Census Tract 242's occupied homes and renters 9.4%. The median owner-occupied home is valued at $366,300 by its owner (±$14,458). The median renter pays $1,926 a month including utilities.
| Measure | Tract 242 | Richfield |
|---|---|---|
| Median home value (owner-occupied) | $366,300±$14,458 | $344,000 |
| Median gross rent | $1,926±$301 | $1,393 |
| Renters paying 35% or more of income on rent | 20.8%±21.2 pts | 33.2% |
| Median monthly owner costs, with a mortgage | $2,163±$94 | $1,983 |
| Owner-occupied homes | 90.6%±5.4 pts | 61.6% |
| Renter-occupied homes | 9.4%±5.4 pts | 38.4% |
| Housing units | 1,373±118 | 17,183 |
| Single-family detached homes | 98.3%±1.9 pts | 59.2% |
| Mobile homes | 0.0%±1.6 pts | 0.2% |
| Built 2020 or later | 0.0%±1.6 pts | 1.8% |
| Built 2010 to 2019 | 0.0%±1.6 pts | 4.3% |
| Built 1939 or earlier | 8.1%±4.2 pts | 5.7% |
| Households with no vehicle | 0.9%±1.2 pts | 11.0% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP04) · Check it at data.census.gov
How do people in Census Tract 242 get to work?
62.4% of Census Tract 242's workers drive alone and 27.8% work from home. The average trip to work takes 20.3 minutes.
| Measure | Tract 242 | Richfield |
|---|---|---|
| In the labor force (age 16+) | 69.9%±5.0 pts | 69.9% |
| Unemployment rate | 5.4%±5.5 pts | 5.3% |
| Drove alone to work | 62.4%±6.7 pts | 65.3% |
| Carpooled | 5.2%±3.2 pts | 6.8% |
| Public transportation | 0.7%±1.4 pts | 3.5% |
| Walked | 1.0%±1.3 pts | 2.0% |
| Worked from home | 27.8%±7.1 pts | 18.7% |
| Mean travel time to work | 20.3 min±2.4 | 23.1 min |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
How does Census Tract 242 compare with the other tracts in Hennepin County?
Among Hennepin County's tracts with a reliable estimate, Census Tract 242 ranks as shown below (1 = highest).
| Measure | In Hennepin County | In Richfield |
|---|---|---|
| Population | 217th of 328 | 6th of 11 |
| Residents per square mile | 150th of 329 | 9th of 11 |
| Median household income | 78th of 324 | 1st of 11 |
| Per capita income | 114th of 326 | 1st of 11 |
| Median home value | 174th of 322 | 1st of 11 |
| Median gross rent | 52nd of 295 | 1st of 10 |
| Bachelor's degree or higher | 91st of 326 | 1st of 11 |
| Median age | 74th of 328 | 3rd of 11 |
| Owner-occupied share | 60th of 322 | 2nd of 11 |
The tracts next to it on Hennepin County's income ladder
| Tract | Rank | Median household income |
|---|---|---|
| Tract 262.06 | 75th | $133,542±$31,750 · within the margin of this tract |
| Tract 271.02 | 76th | $133,423±$31,559 · within the margin of this tract |
| Tract 270.02 | 77th | $133,418±$12,420 · within the margin of this tract |
| Tract 242 | 78th | $132,917±$16,283 |
| Tract 1012 | 79th | $132,824±$16,998 · within the margin of this tract |
| Tract 263.02 | 80th | $132,143±$46,802 · within the margin of this tract |
| Tract 273 | 81st | $131,614±$12,844 · within the margin of this tract |
"Within the margin": the two incomes differ by less than their combined 90% margins, so the survey cannot say which is higher and the ranks between them are not firm.
Source: PlainCities ranks computed from the American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) · How ranks are computed
How reliable are the figures for Census Tract 242?
4 of the 18 figures for Census Tract 242 on this page carry a coefficient of variation over 40% and are marked with a ring: they come from a small sample, so read them as rough.
A census tract's figures rest on a few hundred sampled households over five years, so its margins are wider than a city's. Two tracts differ only when the gap between them is larger than their combined 90% margin (the square root of the sum of the two squared margins). How to read a margin of error.
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026): margins of error as published · Check it at data.census.gov
How these figures are made: methodology and release checks · reading a margin of error · every state · corrections