Gorman, MN is a great place to live as it has a median housing value of $447,200, which is significantly higher than the US median house value of $338,100. The appreciation for houses in Gorman is also strong at 8.21%, only slightly lower than the US 1 year house appreciation rate of 8.27%. It's no surprise that many individuals and families choose to settle down in Gorman and take advantage of the plentiful housing market.
The median home cost in Gorman is $447,200. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Gorman is up 13.6%.
Average Age of Homes
- The median age of Gorman real estate is 43 years old
The Rental Market in Gorman
- Renters make up 2.8% of the Gorman population
- 1.4% of houses and apartments in Gorman, 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.