The housing market in Grand Marais, MN is a desirable one. The median value of homes in Grand Marais is $319,600, which is slightly lower than the US Median value of $338,100. Despite this difference, the 1 year house appreciation rate for Grand Marais is higher than the US average at 12.16%, which is significantly higher compared to the US average of 8.27%. This data shows that the housing market in Grand Marais continues to show strong growth and remains an attractive place to purchase a home.
The median home cost in Grand Marais is $319,600. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Grand Marais is up 13.9%.
Average Age of Homes
- The median age of Grand Marais real estate is 42 years old
The Rental Market in Grand Marais
- Renters make up 31.2% of the Grand Marais population
- 1.1% of houses and apartments in Grand Marais, 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.