New Richland township, MN has a housing median value of $309,000, which is lower than the US housing median value of $338,100. However, what it lacks in house price is made up for in appreciation rate; New Richland township's house prices have experienced an impressive 11.33% increase over the past year compared to the US average of 8.27%. Therefore, New Richland township remains an attractive investment option for potential homeowners looking to purchase property at a relatively low price point and experience growth in their equity.
The median home cost in New Richland township is $309,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Richland township is up 11.6%.
Average Age of Homes
- The median age of New Richland township real estate is 50 years old
The Rental Market in New Richland township
- Renters make up 4.4% of the New Richland township population
- 0.5% of houses and apartments in New Richland 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.