The housing market in Benton, MN is booming. The median value of housing in the area is $450,300, which is significantly higher than the US median house value of $338,100. This difference speaks to the robustness of the Benton real estate market. Furthermore, over the past year, house appreciation in Benton has been 6.82%, slightly lower than the US average of 8.27%. Clearly, this Minnesota town is a great place for potential homebuyers to invest their money into a valuable asset.
The median home cost in Benton is $450,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Benton is up 11.0%.
Average Age of Homes
- The median age of Benton real estate is 56 years old
The Rental Market in Benton
- Renters make up 5.7% of the Benton population
- 0.0% of houses and apartments in Benton, 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.