Merton, MN is a great place to buy a home with the median value of $389,300 being higher than the national median value of $338,100. Although house appreciation for the entire US was 8.27% in the last year, Merton's appreciation rate was slightly lower at 6.68%. Merton is an attractive option for those looking to buy a home as it offers potential buyers a higher median housing value and still has good appreciation rates.
The median home cost in Merton is $389,300. Home appreciation the last 10 years has been 90.8%. Home Appreciation in Merton is up 12.0%.
Average Age of Homes
- The median age of Merton real estate is 66 years old
The Rental Market in Merton
- Renters make up 10.7% of the Merton population
- 0.0% of houses and apartments in Merton, 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.