The housing market in Melrose township, MN is strong and continuously on the rise. The median value of homes in the area is $437,400, which is substantially higher than the national median of $338,100. Over the past year, house appreciation in Melrose township has been 7.75%, just slightly lower than the national one-year appreciation rate of 8.27%. This suggests that the housing market in Melrose township continues to be an attractive investment option for many buyers.
The median home cost in Melrose township is $437,400. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Melrose township is up 13.6%.
Average Age of Homes
- The median age of Melrose township real estate is 39 years old
The Rental Market in Melrose township
- Renters make up 5.6% of the Melrose township population
- 0.9% of houses and apartments in Melrose township, 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.