The housing market in Bovey, MN is definitely an attractive one with its median value coming in at $118,800. This is significantly lower than the US House Median Value of $338,100 and shows that purchasing a home in Bovey can save you money. Additionally, the 1 year House Appreciation rate in Bovey is 13.08%, which is higher than the US average of 8.27%. This indicates that houses are appreciating more rapidly in Bovey than they are nationally, creating a great opportunity for potential buyers to get a good return on their investment.
The median home cost in Bovey is $118,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Bovey is up 13.2%.
Average Age of Homes
- The median age of Bovey real estate is 68 years old
The Rental Market in Bovey
- Renters make up 31.3% of the Bovey population
- 1.9% of houses and apartments in Bovey, 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.