The housing market in Bemidji, Minnesota is thriving. The median value of a house in the area is $180,500, much lower than the US median of $338,100. Yet this difference in pricing does not equate to a lack of appreciation. In fact, over the last year houses in Bemidji have appreciated at 15.27%, much higher than the national average of 8.27%. This continued increase means that investing in property in the area is a wise decision. As such, it's no surprise that people are increasingly looking to call Bemidji home.
The median home cost in Bemidji is $180,500. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Bemidji is up 19.7%.
Average Age of Homes
- The median age of Bemidji real estate is 43 years old
The Rental Market in Bemidji
- Renters make up 46.1% of the Bemidji population
- 3.2% of houses and apartments in Bemidji, 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.