Arena, MN is known for its affordable housing prices. The median value of homes in Arena is $145,100, which is significantly lower than the US median house value of $338,100. Even though the house values are lower in Arena, they are still appreciating at an impressive rate of 13.39%, which is higher than the 1 year appreciation rate of 8.27% seen across the United States. It's no surprise that many people are attracted to living in Arena thanks to its accessible housing market.
The median home cost in Arena is $145,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Arena is up 12.6%.
Average Age of Homes
- The median age of Arena real estate is 78 years old
The Rental Market in Arena
- Renters make up 9.0% of the Arena population
- 0.0% of houses and apartments in Arena, 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.