The housing market in Spalding, MN is strong. The median value of homes is $237,800, which is much lower than the US median of $338,100. Despite this discrepancy, the 1-year house appreciation rate in Spalding has been a healthy 13.08%, significantly higher than the US average of 8.27%. This indicates that homes in Spalding are increasing in value quickly and steadily, making it an attractive place to invest in real estate.
The median home cost in Spalding is $237,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Spalding is up 13.2%.
Average Age of Homes
- The median age of Spalding real estate is 30 years old
The Rental Market in Spalding
- Renters make up 24.1% of the Spalding population
- 2.8% of houses and apartments in Spalding, 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.