The housing market in Gary, MN is performing well compared to the rest of the United States. The median value of a house in Gary is currently $170,200, which is much lower than the US median value of $338,100. However, Gary's one-year house appreciation rate is only 0.06% lower than the national average of 8.27%. This indicates that houses in Gary are keeping pace with the nationwide real estate market and may be a good investment opportunity for potential homeowners looking for an affordable place to buy.
The median home cost in Gary is $170,200. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Gary is up 13.6%.
Average Age of Homes
- The median age of Gary real estate is 49 years old
The Rental Market in Gary
- Renters make up 10.2% of the Gary population
- 0.0% of houses and apartments in Gary, 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.