Northrop, MN has an impressive housing market, with the median value of homes standing at $121,200. This is significantly lower than the US median value of $338,100, but still impressive. What's even more remarkable is that Northrop homes have experienced a 1 year appreciation rate of 11.33%, much higher than the national average of 8.27%. This makes Northrop an attractive option for real estate investors and first-time buyers alike.
The median home cost in Northrop is $121,200. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Northrop is up 11.6%.
Average Age of Homes
- The median age of Northrop real estate is 58 years old
The Rental Market in Northrop
- Renters make up 13.1% of the Northrop population
- 3.4% of houses and apartments in Northrop, 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.