The housing market in Gennessee, MN is thriving and growing. The median value of homes in Gennessee is considerably lower than the US median at $286,400 compared to $338,100. However, appreciation rates are much higher in Gennessee with a 1 year appreciation rate of 13.39%, more than double the US rate of 8.27%. This indicates that Gennessee is an attractive market for potential homebuyers and investors alike. With such a high appreciation rate, buyers can expect their investments to grow quickly in Gennessee's flourishing housing market.
The median home cost in Gennessee is $286,400. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Gennessee is up 12.6%.
Average Age of Homes
- The median age of Gennessee real estate is 40 years old
The Rental Market in Gennessee
- Renters make up 8.5% of the Gennessee population
- 0.0% of houses and apartments in Gennessee, 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.