Housing in Northern, MN is a strong investment. The median house value is $294,200 which is substantially lower than the US median of $338,100. Furthermore, the one year house appreciation rate for Northern, MN is 15.27%, nearly double the national average of 8.27%. This makes buying or selling a home in Northern, MN an attractive prospect for any potential homeowner or investor.
The median home cost in Northern is $294,200. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Northern is up 19.7%.
Average Age of Homes
- The median age of Northern real estate is 36 years old
The Rental Market in Northern
- Renters make up 10.0% of the Northern population
- 2.7% of houses and apartments in Northern, 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.