Fergus Falls, MN is a small city located in the Midwest US. The median value of housing in Fergus Falls is $171,300, which is substantially lower than the national median value of $338,100. Despite the lower median value, Fergus Falls has experienced similar appreciation rates as the nation with an 8.21% increase in housing values over the past year. This suggests that the real estate market in Fergus Falls is strong and steadily growing.
The median home cost in Fergus Falls is $171,300. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Fergus Falls is up 13.6%.
Average Age of Homes
- The median age of Fergus Falls real estate is 51 years old
The Rental Market in Fergus Falls
- Renters make up 36.6% of the Fergus Falls population
- 3.8% of houses and apartments in Fergus Falls, 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.