New Richland, MN is a city that has seen significant growth in its housing market over the past year. The median value of a home in New Richland is $213,000, which is much lower than the US median value of $338,100. However, this does not reflect the appreciation rate for homes in New Richland; over the last year, homes have appreciated by 11.33%, much higher than the national average of 8.27%. This indicates that New Richland is a great place to invest in real estate as it offers an attractive potential for growth.
The median home cost in New Richland is $213,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Richland is up 11.6%.
Average Age of Homes
- The median age of New Richland real estate is 62 years old
The Rental Market in New Richland
- Renters make up 24.2% of the New Richland population
- 0.0% of houses and apartments in New Richland, 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.