New Prague, MN is a great place for those looking to invest in housing. The median value of homes in New Prague is $313,200 which is slightly lower than the US median house value of $338,100. Over the last year, the appreciation rate for homes in New Prague has been 11.33%, higher than the national average appreciation rate of 8.27%. This makes it a great time to invest in real estate in this area as it shows an upward trend and potential for long-term gain.
The median home cost in New Prague is $313,200. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Prague is up 11.6%.
Average Age of Homes
- The median age of New Prague real estate is 29 years old
The Rental Market in New Prague
- Renters make up 21.3% of the New Prague population
- 0.0% of houses and apartments in New Prague, 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.