The housing market in Sylvan, MN is thriving. The median value of a house is $240,400, which is much lower than the US median value of $338,100. In the past year alone, the US has seen an appreciation rate of 8.27%, but in Sylvan it's even higher at 12.38%. This indicates a very active and positive housing market in the area. With such high appreciation rates and low cost of entry compared to other areas, Sylvan is an attractive location for potential buyers looking to invest in property.
The median home cost in Sylvan is $240,400. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Sylvan is up 20.4%.
Average Age of Homes
- The median age of Sylvan real estate is 26 years old
The Rental Market in Sylvan
- Renters make up 11.5% of the Sylvan population
- 0.0% of houses and apartments in Sylvan, 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.