The housing market in Austin, MN is quite affordable compared to the national average. The median house value for Austin, Minnesota is $155,000 whereas the US median house value is $338,100. Furthermore, the one-year appreciation of houses in Austin is 6.78% which is lower than the US one-year appreciation rate of 8.27%. These figures demonstrate that Austin is an attractive option for those looking for an affordable place to live and invest in property.
The median home cost in Austin is $155,000. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Austin is up 11.4%.
Average Age of Homes
- The median age of Austin real estate is 62 years old
The Rental Market in Austin
- Renters make up 32.3% of the Austin population
- 2.1% of houses and apartments in Austin, 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.