London, MN is a quaint small town located in the Midwest region of the United States that has seen an impressive rate of house appreciation over the past year. The median value of homes in London is $227,200, which is noticeably lower than the US median house value of $338,100. The one-year house appreciation rate for London is 11.10%, which is higher than the national average of 8.27%. This indicates that purchasing a home in London now can provide homeowners with good long term value and potential for increased growth in equity.
The median home cost in London is $227,200. Home appreciation the last 10 years has been 70.6%. Home Appreciation in London is up 11.6%.
Average Age of Homes
- The median age of London real estate is 78 years old
The Rental Market in London
- Renters make up 5.5% of the London population
- 4.8% of houses and apartments in London, 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.