The housing market in Shakopee, MN is slightly below the United States average, with a median value of $349,900 compared to $338,100 for the US as a whole. Despite this discrepancy, housing in Shakopee has still seen an appreciation in value over the past year of 6.82%, which is slightly lower than the 8.27% appreciation seen nationally. This suggests that while homes in Shakopee may not appreciate at the same rate as those in other parts of the US, they still remain a sound investment.
The median home cost in Shakopee is $349,900. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Shakopee is up 11.0%.
Average Age of Homes
- The median age of Shakopee real estate is 19 years old
The Rental Market in Shakopee
- Renters make up 22.1% of the Shakopee population
- 0.1% of houses and apartments in Shakopee, 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.