Litchfield, MN Housing

The housing market in Litchfield, MN is relatively strong with a median house value of $198,400. This is significantly lower than the US median house value of $338,100. Over the past year, appreciation for houses in Litchfield has been 6.82%, whereas the national average was 8.27%. Therefore, homeowners in Litchfield can still expect to see some appreciation in their home values but at a slower rate than the US as a whole.

The median home cost in Litchfield is $198,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Litchfield is up 11.0%.

Average Age of Homes

- The median age of Litchfield real estate is 52 years old

The Rental Market in Litchfield

- Renters make up 30.8% of the Litchfield population
- 1.8% of houses and apartments in Litchfield, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Litchfield, Minnesota	United States
	2,991.0	139,647,020.0
	52	42
	$198,400	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$10.57	$10.98
	$1,635	$2,690
	65.6%	57.4%
	7.0%	11.2%
	27.4%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	3.1%	3.6%
	1.1%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	2.2%	2.4%
	0.5%	2.8%
	9.1%	3.9%
	8.9%	4.5%
	20.3%	11.3%
	32.5%	13.0%
	15.1%	20.1%
	3.8%	13.6%
	1.5%	8.3%
	0.6%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	8.2%	13.6%
	11.8%	13.2%
	21.9%	14.8%
	8.2%	13.6%
	13.8%	10.0%
	7.9%	4.7%
	18.1%	12.2%