North Oaks, MN is known as an affluent neighborhood with high median housing value of $781,100. This is much higher than the US median housing value of $338,100 and reflects the desirability of the area to potential home buyers. Despite this high price point, North Oaks saw a modest appreciation rate of 4.70% in the last year which is lower than the US rate of 8.27%. This suggests that the area could be reaching its peak in terms of house prices and may experience slower growth in the future.
The median home cost in North Oaks is $781,100. Home appreciation the last 10 years has been 85.8%. Home Appreciation in North Oaks is up 9.2%.
Average Age of Homes
- The median age of North Oaks real estate is 30 years old
The Rental Market in North Oaks
- Renters make up 18.8% of the North Oaks population
- 0.0% of houses and apartments in North Oaks, 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.