Brainerd, MN has a housing median value of $266,900, which is significantly lower than the US house median value of $338,100. However, the 1 year appreciation rate for homes in Brainerd is 12.38%, which is nearly 4% higher than the national rate of 8.27%. This indicates that now may be an ideal time to invest in real estate in Brainerd as there is potential for a good return on investment.
The median home cost in Brainerd is $266,900. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Brainerd is up 20.4%.
Average Age of Homes
- The median age of Brainerd real estate is 55 years old
The Rental Market in Brainerd
- Renters make up 47.0% of the Brainerd population
- 1.5% of houses and apartments in Brainerd, 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.