The median value of housing in the Bemidji, MN Metro Area is $214,600, significantly lower than the US house median value of $338,100. Despite this difference in cost, the area has seen considerable appreciation in the past year at 7.75%, which is only slightly lower than the 8.27% national average of US house appreciation. This makes it an attractive destination for prospective homeowners and investors looking for a good investment opportunity.
The median home cost in Bemidji Metro Area is $214,600. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Bemidji Metro Area is up 19.7%.
Average Age of Homes
- The median age of Bemidji Metro Area real estate is 35 years old
The Rental Market in Bemidji Metro Area
- Renters make up 24.4% of the Bemidji Metro Area population
- 1.6% of houses and apartments in Bemidji Metro Area, 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.