The housing market in Franconia, MN is thriving, with a median value of $499,300 - higher than the US median house value of $338,100. This indicates that Franconia is an attractive place to buy property. Moreover, the 1 year house appreciation rate in the area is 6.66%, slightly lower than the national average of 8.27%, suggesting that this area is a great investment for real estate buyers and sellers alike.
The median home cost in Franconia is $499,300. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Franconia is up 12.2%.
Average Age of Homes
- The median age of Franconia real estate is 30 years old
The Rental Market in Franconia
- Renters make up 5.1% of the Franconia population
- 0.0% of houses and apartments in Franconia, 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.