Drammen, MN is a great place for people looking to invest in housing. The median housing value in Drammen is $141,500, which is significantly lower than the median value across the United States at $338,100. This gives potential buyers more bang for their buck when compared to other locations. Additionally, house appreciation over the past year in Drammen has been quite impressive at 10.32%, which is higher than the national average of 8.27%. Considering these factors, investing in housing in Drammen could be a great option for those looking for an affordable and growing market.
The median home cost in Drammen is $141,500. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Drammen is up 15.5%.
Average Age of Homes
- The median age of Drammen real estate is 78 years old
The Rental Market in Drammen
- Renters make up 21.6% of the Drammen population
- 0.0% of houses and apartments in Drammen, 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.