The housing market in Cromwell, MN is strong and vibrant. The median value of homes in the area is $194,600, which is significantly lower than the US House Median Value of $338,100. Furthermore, while the US 1 year House Appreciation rate is 8.27%, Cromwell has seen an even higher rate of appreciation at 13.08%. With these factors combined and a bustling job market in the area, Cromwell, MN has become an ideal place to invest in housing and live comfortably.
The median home cost in Cromwell is $194,600. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Cromwell is up 13.2%.
Average Age of Homes
- The median age of Cromwell real estate is 38 years old
The Rental Market in Cromwell
- Renters make up 39.2% of the Cromwell population
- 4.5% of houses and apartments in Cromwell, 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.