Springwater, MN is a desirable place to live, evidenced by its median housing value of $246,600. This value is significantly lower than the US house median value of $338,100. However, despite the lower cost of housing in Springwater, MN, the one year rate of house appreciation in Springwater is actually higher than the US average at 9.94%, compared with 8.27%. This shows that the housing market in Springwater is strong and growing rapidly, making it an attractive option for potential homeowners.
The median home cost in Springwater is $246,600. Home appreciation the last 10 years has been 77.1%. Home Appreciation in Springwater is up 15.1%.
Average Age of Homes
- The median age of Springwater real estate is 50 years old
The Rental Market in Springwater
- Renters make up 9.8% of the Springwater population
- 0.0% of houses and apartments in Springwater, 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.