Oakwood, MN is a small town with a high median value for houses. According to the content, the median value in Oakwood is $398,700 compared to the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, while Oakwood’s 1 year appreciation rate is 6.78%. This means that housing prices have been increasing at a slower rate in Oakwood than other parts of the country. Houses in Oakwood may be more expensive than other parts of the United States, but they also appreciate in value at a slower rate so they may be a wise investment for those looking to purchase real estate in the area.
The median home cost in Oakwood is $398,700. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Oakwood is up 11.4%.
Average Age of Homes
- The median age of Oakwood real estate is 36 years old
The Rental Market in Oakwood
- Renters make up 14.3% of the Oakwood population
- 0.0% of houses and apartments in Oakwood, 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.