New Market, MN is a popular housing market due to its strong median value of $610,700. This value is much higher than the US median value of $338,100, showcasing its appeal. The appreciation rate of the housing in New Market is 6.66%, slightly lower than the US average appreciation rate of 8.27%. This steady growth and high median value makes New Market an attractive option for potential homeowners, investors, and renters alike.
The median home cost in New Market is $610,700. Home appreciation the last 10 years has been 94.0%. Home Appreciation in New Market is up 12.2%.
Average Age of Homes
- The median age of New Market real estate is 27 years old
The Rental Market in New Market
- Renters make up 4.3% of the New Market population
- 0.0% of houses and apartments in New Market, 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.