The housing market in Traverse, MN is looking strong. The median value of houses in Traverse is $318,200, which is lower than the US House median value of $338,100. However, the 1 year house appreciation in Traverse is 11.33%, higher than the US average of 8.27%. This indicates that the housing market in Traverse is growing faster than the national average, making it a desirable place to buy or sell a home.
The median home cost in Traverse is $318,200. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Traverse is up 11.6%.
Average Age of Homes
- The median age of Traverse real estate is 52 years old
The Rental Market in Traverse
- Renters make up 7.0% of the Traverse population
- 0.0% of houses and apartments in Traverse, 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.