New Brighton, MN has a median housing value of $344,700 which is slightly higher than the national median of $338,100. Over the past year, the housing appreciation rate in New Brighton was 4.70%, which is considerably lower than the national average of 8.27%. Despite this difference, New Brighton remains an attractive destination for potential homeowners looking for a great place to live and invest in property. The city offers plenty of housing options and opportunities for those looking to purchase or rent a home. With its close proximity to Minneapolis, its charming downtown area and parks, and its variety of amenities, it is easy to see why people are drawn to this vibrant suburb.
The median home cost in New Brighton is $344,700. Home appreciation the last 10 years has been 85.8%. Home Appreciation in New Brighton is up 9.2%.
Average Age of Homes
- The median age of New Brighton real estate is 46 years old
The Rental Market in New Brighton
- Renters make up 35.4% of the New Brighton population
- 1.2% of houses and apartments in New Brighton, 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.