The housing market in Ravenna, MN is relatively strong. The median value of a house in the area stands at $472,500, which is significantly higher than the US House Median Value of $338,100. Furthermore, the 1 year House Appreciation rate for homes in Ravenna is 6.66%, which is slightly lower than the national average of 8.27%. This indicates that there may be some room for appreciation in this market in the coming years. Generally speaking, it appears that Ravenna has a stable and attractive housing market with excellent prospects for growth and potential investment opportunities.
The median home cost in Ravenna is $472,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Ravenna is up 12.2%.
Average Age of Homes
- The median age of Ravenna real estate is 36 years old
The Rental Market in Ravenna
- Renters make up 6.7% of the Ravenna population
- 0.0% of houses and apartments in Ravenna, 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.