The housing market in Erie, MN is performing well overall. The median value of a home in Erie, MN is $350,900 compared to the national median value of a home at $338,100. Additionally, the one year appreciation rate for homes in Erie, MN is 8.21%, which is slightly lower than the national average of 8.27%. This shows that the real estate market in the area has been stable and growing at a steady pace. Those looking to invest in property in Erie, MN should have confidence that this trend will continue into the foreseeable future.
The median home cost in Erie is $350,900. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Erie is up 13.6%.
Average Age of Homes
- The median age of Erie real estate is 36 years old
The Rental Market in Erie
- Renters make up 4.7% of the Erie population
- 0.0% of houses and apartments in Erie, 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.