The housing market in Garfield, MN is quite robust. The median value of a house in the city is $305,700, which is lower than the US house median value of $338,100. While the US has seen a year-on-year appreciation rate of 8.27%, Garfield has experienced a slightly lower appreciation rate at 7.75%. This shows that the real estate market in Garfield is still growing and providing investors with potential returns on their investments.
The median home cost in Garfield is $305,700. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Garfield is up 13.6%.
Average Age of Homes
- The median age of Garfield real estate is 54 years old
The Rental Market in Garfield
- Renters make up 14.3% of the Garfield population
- 0.0% of houses and apartments in Garfield, 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.