The housing market in Ericson, MN is a great place to invest as it has a median value of $302,400 which is significantly lower than the US median value of $338,100. The 1 year house appreciation rate in Ericson is even more impressive at 13.39%, compared to the US 1 year house appreciation rate of 8.27%. This gives potential buyers and investors an opportunity to get into the housing market of Ericson at a great value and with significant potential for appreciation in the near future.
The median home cost in Ericson is $302,400. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Ericson is up 12.6%.
Average Age of Homes
- The median age of Ericson real estate is 56 years old
The Rental Market in Ericson
- Renters make up 11.4% of the Ericson population
- 0.0% of houses and apartments in Ericson, 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.