Pelan, MN is a small town located in the Midwest with a great quality of life. The median value of housing in Pelan, MN is $90,200 which is significantly lower than the US median of $338,100. Despite this disparity, house appreciation in Pelan has been impressive over the past year with an increase of 9.54%, higher than the US average of 8.27%. This indicates that Pelan is becoming more attractive to potential homeowners and their investments are likely to increase in value over time.
The median home cost in Pelan is $90,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Pelan is up 14.7%.
Average Age of Homes
- The median age of Pelan real estate is 41 years old
The Rental Market in Pelan
- Renters make up 4.2% of the Pelan population
- 0.0% of houses and apartments in Pelan, 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.