The housing market in Cottonwood, MN is currently thriving. The median value of a house in the city is $208,100 which is significantly lower than the US median house value of $338,100. However, this lower cost also means that house appreciation has been higher than average with a 1 year growth rate of 13.39%, compared to 8.27% nationally. This makes Cottonwood an attractive place to buy a home due to its affordability and potential for growth.
The median home cost in Cottonwood is $208,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Cottonwood is up 12.6%.
Average Age of Homes
- The median age of Cottonwood real estate is 46 years old
The Rental Market in Cottonwood
- Renters make up 34.7% of the Cottonwood population
- 1.8% of houses and apartments in Cottonwood, 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.