Clara City, MN is an excellent place to invest in housing. The median value of homes in the area is $206,800 which is significantly lower than the US House Median Value of $338,100. Additionally, one year house appreciation in Clara City, MN is 13.39%, compared to the US 1 year House Appreciation of 8.27%. This indicates that it's a great time to invest in housing now and potentially reap higher returns later as prices appreciate faster than expected.
The median home cost in Clara City is $206,800. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Clara City is up 12.6%.
Average Age of Homes
- The median age of Clara City real estate is 59 years old
The Rental Market in Clara City
- Renters make up 27.9% of the Clara City population
- 2.6% of houses and apartments in Clara City, 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.