Iron Junction, MN has a housing median value of $134,800, which is significantly lower than the US housing median value of $338,100. Despite this difference in median values, Iron Junction has seen a greater year-over-year appreciation rate than the US average with an appreciation rate of 13.08%, compared to 8.27% nationally. This indicates that Iron Junction's housing market is growing stronger and faster than the rest of the country, making it an attractive option for potential home buyers.
The median home cost in Iron Junction is $134,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Iron Junction is up 13.2%.
Average Age of Homes
- The median age of Iron Junction real estate is 58 years old
The Rental Market in Iron Junction
- Renters make up 4.2% of the Iron Junction population
- 0.0% of houses and apartments in Iron Junction, 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.