The housing market in Newfolden, MN has been thriving with the median value of houses at $124,200. This is significantly lower than the US house median value of $338,100, but it still has seen an impressive 1 year appreciation rate of 9.54%, which is higher than the national rate of 8.27% for the same period. This indicates that property values in Newfolden are increasing at a faster pace than the rest of the country and is a great opportunity for potential buyers or investors looking to get into the market.
The median home cost in Newfolden is $124,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Newfolden is up 14.7%.
Average Age of Homes
- The median age of Newfolden real estate is 61 years old
The Rental Market in Newfolden
- Renters make up 28.8% of the Newfolden population
- 0.0% of houses and apartments in Newfolden, 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.