The housing market in Fossum, MN is quite healthy and stable. The median value of houses in the area is $222,400, which is significantly lower than the US House Median Value of $338,100. Despite this difference however, both the US and Fossum markets have appreciated by 8.27% and 8.21% respectively over the last year, suggesting stability in housing prices across both markets.
The median home cost in Fossum is $222,400. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Fossum is up 13.6%.
Average Age of Homes
- The median age of Fossum real estate is 54 years old
The Rental Market in Fossum
- Renters make up 2.2% of the Fossum population
- 0.0% of houses and apartments in Fossum, 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.