Chatham, MN is a great place for homebuyers looking to invest in the housing market. Its median housing value is nearly 50 percent higher than the US House Median Value, currently at $495,800. Despite the high median value, Chatham has seen slower house appreciation at 6.82% when compared to the US House Appreciation of 8.27%. This could indicate that the market is cooling off and present an opportunity for buyers to get into the market at a lower cost.
The median home cost in Chatham is $495,800. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Chatham is up 11.0%.
Average Age of Homes
- The median age of Chatham real estate is 28 years old
The Rental Market in Chatham
- Renters make up 3.7% of the Chatham population
- 0.0% of houses and apartments in Chatham, 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.