Faxon, MN is an attractive location for housing, as evidenced by its median value of $429,300 compared to the US median value of $338,100. Furthermore, Faxon's 1 year house appreciation rate is 11.33%, significantly higher than the US average of 8.27%. This indicates that housing in Faxon is a great investment and should be considered by potential buyers in the area.
The median home cost in Faxon is $429,300. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Faxon is up 11.6%.
Average Age of Homes
- The median age of Faxon real estate is 28 years old
The Rental Market in Faxon
- Renters make up 3.4% of the Faxon population
- 0.0% of houses and apartments in Faxon, 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.