The housing market in Gilbert, MN is a thriving one. The median value of a house in the area is $111,400, which is lower than the US median value of $338,100. Over the last year, house appreciation has increased by 13.08%, which is higher than the average US appreciation of 8.27%. This increases make investing in Gilbert real estate an attractive option for potential homeowners and investors alike. With its increasing property values and low cost of living, Gilbert provides a great opportunity for those looking to enter or invest in the housing market.
The median home cost in Gilbert is $111,400. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Gilbert is up 13.2%.
Average Age of Homes
- The median age of Gilbert real estate is 63 years old
The Rental Market in Gilbert
- Renters make up 21.7% of the Gilbert population
- 0.5% of houses and apartments in Gilbert, 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.