Kensington, MN is a great place to purchase a home. The median value of housing in the area is $226,300 which is significantly lower than the US median value of $338,100. The appreciation rate for homes in Kensington, MN has been 7.75% over the past year while the US average appreciation rate was 8.27%. This means that purchasing a home in Kensington, MN can be a smart financial choice as you are likely to gain some equity over time.
The median home cost in Kensington is $226,300. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Kensington is up 13.6%.
Average Age of Homes
- The median age of Kensington real estate is 76 years old
The Rental Market in Kensington
- Renters make up 11.5% of the Kensington population
- 3.6% of houses and apartments in Kensington, 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.