Housing in Hoffman, MN is more affordable than the US median value, with the median house value being $190,100 compared to the US median of $338,100. Despite this difference in median prices, houses in Hoffman have appreciated at almost the same rate over the past year as the national average, at 7.75% compared to 8.27%. This suggests that home values in Hoffman are on a steady upward trend and likely to continue their positive growth.
The median home cost in Hoffman is $190,100. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Hoffman is up 13.6%.
Average Age of Homes
- The median age of Hoffman real estate is 49 years old
The Rental Market in Hoffman
- Renters make up 25.4% of the Hoffman population
- 0.0% of houses and apartments in Hoffman, 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.