The housing market in Deer River, Minnesota has seen a considerable increase in value in the last year. The median home value is currently $205,000, higher than the US median of $338,100. What's even more impressive is that the appreciation rate on homes in Deer River was 15.27%, significantly higher than the national average of 8.27%. With this information it's clear that there is a strong demand for housing in Deer River and that now may be an ideal time to invest in the market as values are still relatively low compared to other areas of the US while having high potential for future appreciation.
The median home cost in Deer River is $205,000. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Deer River is up 19.7%.
Average Age of Homes
- The median age of Deer River real estate is 54 years old
The Rental Market in Deer River
- Renters make up 38.2% of the Deer River population
- 0.0% of houses and apartments in Deer River, 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.