The housing market in Long Prairie, MN has a median value of $196,500, which is significantly lower than the national median value of $338,100. Although the US saw an 8.27% house appreciation rate over the course of one year, Long Prairie had a slightly lower rate of 7.75%. Despite this discrepancy, Long Prairie still offers an attractive real estate option for potential buyers looking for a more affordable price point.
The median home cost in Long Prairie is $196,500. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Long Prairie is up 13.6%.
Average Age of Homes
- The median age of Long Prairie real estate is 50 years old
The Rental Market in Long Prairie
- Renters make up 35.7% of the Long Prairie population
- 5.8% of houses and apartments in Long Prairie, 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.