The housing market in Savage, MN is quite strong, with the median value of homes coming in at $392,700. This is slightly higher than the US median house value of $338,100. Despite this difference in prices, the appreciation of homes in Savage over the past year has been just slightly lower than the national average at 6.82%, compared to 8.27%. This indicates a healthy and growing housing market in Savage that is still keeping up with changes across the country.
The median home cost in Savage is $392,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Savage is up 11.0%.
Average Age of Homes
- The median age of Savage real estate is 23 years old
The Rental Market in Savage
- Renters make up 11.8% of the Savage population
- 0.1% of houses and apartments in Savage, 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.