Verndale, MN is a great place to call home. The median value of houses in Verndale is $200,200 which is lower than the US house median value of $338,100. That may be attractive for prospective buyers who are looking for a good deal on a new home. Furthermore, the 1 year appreciation rate for housing in Verndale is 12.38%, higher than the national average of 8.27%. This indicates that real estate prices have been steadily increasing in Verndale over the past year and could continue to do so in the near future. With an attractive price tag and above-average appreciation rates, now may be as good a time as any to invest in Verndale's housing market.
The median home cost in Verndale is $200,200. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Verndale is up 20.4%.
Average Age of Homes
- The median age of Verndale real estate is 63 years old
The Rental Market in Verndale
- Renters make up 19.2% of the Verndale population
- 2.4% of houses and apartments in Verndale, 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.