The housing market in New Solum, MN is going strong. According to the latest data, the median value of houses in New Solum is $213,600, which is significantly lower than the US median value of $338,100. This makes housing more accessible for potential buyers in New Solum and contributes to the increasing demand for properties. Furthermore, while US house appreciation was 8.27% over the past year, it was 9.54% in New Solum – an indication that property values are constantly rising and that the housing market in New Solum is growing even faster than other areas across the country.
The median home cost in New Solum is $213,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in New Solum is up 14.7%.
Average Age of Homes
- The median age of New Solum real estate is 44 years old
The Rental Market in New Solum
- Renters make up 4.7% of the New Solum population
- 0.0% of houses and apartments in New Solum, 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.