The housing market in Arco, MN is quite affordable, with the median value of homes being only $59,900 compared to the US median value of $338,100. The market has seen a healthy appreciation over the past year of 9.54%, higher than the US average of 8.27%. This makes it an ideal place to invest in real estate, as prices are still relatively low and there is potential for good returns on investment. With its affordable housing and promising outlook, Arco, MN is a great place to purchase property.
The median home cost in Arco is $59,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Arco is up 14.7%.
Average Age of Homes
- The median age of Arco real estate is 78 years old
The Rental Market in Arco
- Renters make up 18.2% of the Arco population
- 10.9% of houses and apartments in Arco, 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.