Oak Grove, MN is an excellent place to buy a home. The median value of homes in the area is $395,200, which is slightly higher than the national median of $338,100. This suggests that Oak Grove is an attractive market for homeowners. In addition, the 1 year house appreciation rate in Oak Grove is 6.71%, which is lower than the US rate of 8.27%. While homeowners may not expect to see as much of a return on their investment in Oak Grove compared to other areas across the country, they can be sure that their investments are relatively safe and likely to appreciate over time.
The median home cost in Oak Grove is $395,200. Home appreciation the last 10 years has been 92.5%. Home Appreciation in Oak Grove is up 11.8%.
Average Age of Homes
- The median age of Oak Grove real estate is 30 years old
The Rental Market in Oak Grove
- Renters make up 4.9% of the Oak Grove population
- 0.0% of houses and apartments in Oak Grove, 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.