Effington, MN is a great place to buy a house. It has a median value of $302,700 which is less than the US House Median Value of $338,100, making it an attractive place to purchase real estate. Furthermore, it has seen a 1 year appreciation rate of 7.80%, slightly lower than the US 1 year House Appreciation rate of 8.27%. This suggests that Effington is still in an affordable price range for buyers and that there is potential for growth in the housing market.
The median home cost in Effington is $302,700. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Effington is up 13.6%.
Average Age of Homes
- The median age of Effington real estate is 28 years old
The Rental Market in Effington
- Renters make up 11.9% of the Effington population
- 0.0% of houses and apartments in Effington, 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.