The housing market in Mitchell, MN is slightly below the national average in median value, with $354,200 compared to $338,100. However, it is close enough that appreciation rates are nearly equal, with the US house appreciation rate at 8.27% and Mitchell's at 8.21%. This indicates that the market in this small town is doing well compared to many other parts of the country. It is a great option for those who want to move away from bigger cities and enjoy the suburban life.
The median home cost in Mitchell is $354,200. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Mitchell is up 13.6%.
Average Age of Homes
- The median age of Mitchell real estate is 58 years old
The Rental Market in Mitchell
- Renters make up 5.6% of the Mitchell population
- 0.0% of houses and apartments in Mitchell, 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.