The housing market in Nereson, MN is healthy and prosperous. The median value of a house in the city is $198,600, which is significantly lower than the national median of $338,100. Despite this difference, Nereson's one-year house appreciation rate stands at 9.54%, slightly higher than the U.S.'s 8.27%. This indicates that Nereson's housing market is growing steadily and may soon catch up with the rest of the nation in terms of house values.
The median home cost in Nereson is $198,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Nereson is up 14.7%.
Average Age of Homes
- The median age of Nereson real estate is 66 years old
The Rental Market in Nereson
- Renters make up 16.0% of the Nereson population
- 0.0% of houses and apartments in Nereson, 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.