Ihlen, MN is a small town located in the Midwest region of the United States. The median value for housing in Ihlen is substantially lower than the median value for housing across the United States, coming in at $83,700 compared to $338,100. While homes in Ihlen cost less than those across the US, they have seen a higher appreciation rate over the last year with a 9.54% increase compared to just 8.27% for homes across America as a whole. This may be due to increased demand from people looking for affordable housing options close to amenities and services that bigger cities offer without incurring large living costs.
The median home cost in Ihlen is $83,700. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ihlen is up 14.7%.
Average Age of Homes
- The median age of Ihlen real estate is 78 years old
The Rental Market in Ihlen
- Renters make up 2.6% of the Ihlen population
- 0.0% of houses and apartments in Ihlen, 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.