The housing market in Scandia Valley, MN is flourishing. The median value of a home is $448,200, significantly higher than the US median value of $338,100. This demonstrates the desirability of living in this area to buyers. Furthermore, the 1 year house appreciation rate is 12.38%, which is greater than the US appreciation rate of 8.27%. This indicates that there are many people interested in investing in real estate here and can result in continued increases in housing values over time.
The median home cost in Scandia Valley is $448,200. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Scandia Valley is up 20.4%.
Average Age of Homes
- The median age of Scandia Valley real estate is 38 years old
The Rental Market in Scandia Valley
- Renters make up 3.4% of the Scandia Valley population
- 0.6% of houses and apartments in Scandia Valley, 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.