Housing in Backus, MN is quite affordable compared to the US median house value. The median house value in Backus is $233,100, which is significantly lower than the US median of $338,100. On top of that, homes in Backus have appreciated by 12.38% over the past year, higher than the national average of 8.27%. This makes Backus an attractive place to invest in real estate as it offers great affordability and potential for growth.
The median home cost in Backus is $233,100. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Backus is up 20.4%.
Average Age of Homes
- The median age of Backus real estate is 48 years old
The Rental Market in Backus
- Renters make up 18.5% of the Backus population
- 0.0% of houses and apartments in Backus, 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.