Wayzata, MN is known for having some of the highest housing median values in the country. The median value of a house in Wayzata is $718,200, which is substantially higher than the national median value of $338,100. The US has seen an 8.27% appreciation rate for homes over the past year, however Wayzata’s appreciation rate is slightly lower at 6.82%. Overall, there is still a healthy housing market in Wayzata as many people from across the country are willing to pay more to call this desirable location home.
The median home cost in Wayzata is $718,200. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Wayzata is up 11.0%.
Average Age of Homes
- The median age of Wayzata real estate is 43 years old
The Rental Market in Wayzata
- Renters make up 37.4% of the Wayzata population
- 0.9% of houses and apartments in Wayzata, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.