Ellendale, MN has a very healthy housing market, with the median value of homes being $255,600. This is significantly lower than the US median value of $338,100, which indicates that housing in Ellendale is relatively affordable. In addition to this, the 1 year house appreciation rate in Ellendale is 11.33%, which is higher than the US average of 8.27%. This suggests that there is strong demand for housing in Ellendale and that those who invest in property here are likely to see an increase in value over time.
The median home cost in Ellendale is $255,600. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Ellendale is up 11.6%.
Average Age of Homes
- The median age of Ellendale real estate is 47 years old
The Rental Market in Ellendale
- Renters make up 18.5% of the Ellendale population
- 2.3% of houses and apartments in Ellendale, 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.