Housing in New Independence, MN is far above the national median value, with a median home value of $281,500. In addition, the one year appreciation rate for homes in the area is 13.08%, significantly higher than the US average rate of 8.27%. This growth means that homeowners in New Independence, MN can expect to see their investments increase in value over time.
The median home cost in New Independence is $281,500. Home appreciation the last 10 years has been 60.0%. Home Appreciation in New Independence is up 13.2%.
Average Age of Homes
- The median age of New Independence real estate is 44 years old
The Rental Market in New Independence
- Renters make up 6.5% of the New Independence population
- 0.0% of houses and apartments in New Independence, 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.