The housing market in Ceylon, MN is strong compared to the national average. The median value of a home in Ceylon is $109,500, which is significantly lower than the US median of $338,100. Additionally, the one year house appreciation rate in Ceylon is 9.54%, higher than the 8.27% national average for the same period. This shows that Ceylon homes have increased substantially in value over the past year and are continuing to be a lucrative investment opportunity for potential buyers.
The median home cost in Ceylon is $109,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ceylon is up 14.7%.
Average Age of Homes
- The median age of Ceylon real estate is 75 years old
The Rental Market in Ceylon
- Renters make up 15.4% of the Ceylon population
- 2.5% of houses and apartments in Ceylon, 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.