The housing market in Northfield, MN is strong and stable. The median value for a house in the area is $324,800, which is slightly lower than the US house median value of $338,100. However, the housing market still experienced positive appreciation in the past year with an increase of 6.66%, which is slightly less than the national average of 8.27%. Northfield continues to be a desirable place to live due to its vibrant local economy and excellent quality of life.
The median home cost in Northfield is $324,800. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Northfield is up 12.2%.
Average Age of Homes
- The median age of Northfield real estate is 35 years old
The Rental Market in Northfield
- Renters make up 28.5% of the Northfield population
- 0.6% of houses and apartments in Northfield, 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.