The housing market in Great Scott, MN is booming. The median value of homes is $245,700, which is substantially lower than the US house median value of $338,100. This lower cost makes Great Scott an attractive option for potential homebuyers. Furthermore, the 1 year house appreciation rate in Great Scott is 13.08%, which is significantly higher than the US 1 year house appreciation rate of 8.27%. This makes it a great opportunity for homeowners to see their investment grow at a faster rate than other parts of the country. With such promising growth potential and low costs, it's easy to see why Great Scott's housing market is thriving.
The median home cost in Great Scott is $245,700. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Great Scott is up 13.2%.
Average Age of Homes
- The median age of Great Scott real estate is 41 years old
The Rental Market in Great Scott
- Renters make up 1.0% of the Great Scott population
- 0.0% of houses and apartments in Great Scott, 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.