Cherry, MN is a great place to live for those looking to buy a house. The median value of housing in Cherry is just under $267,900, which is significantly lower than the US median house value of $338,100. Furthermore, the one year appreciation rate of houses in Cherry is 13.08%, which is higher than the national average of 8.27%. This makes Cherry a great investment for those looking to invest in real estate. Not only does it offer good prices, but also good potential for appreciation.
The median home cost in Cherry is $267,900. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Cherry is up 13.2%.
Average Age of Homes
- The median age of Cherry real estate is 44 years old
The Rental Market in Cherry
- Renters make up 1.7% of the Cherry population
- 0.0% of houses and apartments in Cherry, 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.