Housing in Chokio, MN is an attractive option due to its median value being significantly lower than that of the national average. At $88,100, a house in Chokio is approximately one-third of the US House Median Value of $338,100. This makes it an attractive option for those looking for affordable housing. Moreover, there has been a 1 year appreciation rate of 13.39% in Chokio compared to 8.27% in the US as a whole. This higher appreciation rate indicates that investing in housing in Chokio is likely to yield good returns over time.
The median home cost in Chokio is $88,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Chokio is up 12.6%.
Average Age of Homes
- The median age of Chokio real estate is 55 years old
The Rental Market in Chokio
- Renters make up 23.5% of the Chokio population
- 0.0% of houses and apartments in Chokio, 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.