Housing in Amherst, MN is more expensive than the US House Median Value. The median value of a home in Amherst is $371,900 which is over $30,000 more than the US House Median Value of $338,100. Although the one year house appreciation rate for the US as a whole was 8.27%, Amherst experienced a slightly lower appreciation rate of 6.78%. Despite the lower appreciation rate compared to the national average, housing in Amherst remains an attractive investment given its higher than average median value price point.
The median home cost in Amherst is $371,900. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Amherst is up 11.4%.
Average Age of Homes
- The median age of Amherst real estate is 54 years old
The Rental Market in Amherst
- Renters make up 10.6% of the Amherst population
- 0.0% of houses and apartments in Amherst, 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.