Housing in Nerstrand, MN is quite expensive compared to the United States average. The median house value is $360,600 compared to the US median of $338,100. While the US experienced an 8.27% appreciation in house values over the past year, Nerstrand only experienced a 6.66% appreciation rate. Despite this lower rate of appreciation in comparison to the national average, living in Nerstrand remains expensive for many potential home buyers.
The median home cost in Nerstrand is $360,600. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Nerstrand is up 12.2%.
Average Age of Homes
- The median age of Nerstrand real estate is 72 years old
The Rental Market in Nerstrand
- Renters make up 4.5% of the Nerstrand population
- 0.0% of houses and apartments in Nerstrand, 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.