Mahnomen, MN is a great place to live when it comes to housing. The median value of houses in Mahnomen is $106,500 which is significantly lower than the US House median value of $338,100. This makes Mahnomen an attractive option for people looking for affordable housing options. Additionally, the US 1 year house appreciation rate is 8.27% and the 1 year house appreciation rate in Mahnomen is 8.21%. This shows that investing in a house in Mahnomen will likely yield similar returns to those seen for investments across the United States as a whole. All these factors make Mahnomen an ideal place to buy or rent a home that won't break the bank.
The median home cost in Mahnomen is $106,500. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Mahnomen is up 13.6%.
Average Age of Homes
- The median age of Mahnomen real estate is 54 years old
The Rental Market in Mahnomen
- Renters make up 32.0% of the Mahnomen population
- 2.8% of houses and apartments in Mahnomen, 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.