The housing market in Olivia, MN has seen an impressive increase in value over the last year. The median house value is currently at $173,200, which is significantly lower than the US median house value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, while the appreciation rate for housing in Olivia, MN is 13.39%. This speaks to a strong and stable real estate market for residents and potential buyers looking to invest in Olivia, MN.
The median home cost in Olivia is $173,200. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Olivia is up 12.6%.
Average Age of Homes
- The median age of Olivia real estate is 53 years old
The Rental Market in Olivia
- Renters make up 26.6% of the Olivia population
- 2.8% of houses and apartments in Olivia, 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.