Ormsby, MN is a great place to purchase a home. The median housing value is $282,000 which is significantly lower than the US median of $338,100. In addition, the 1 year house appreciation in Ormsby is 9.54%, higher than the US average of 8.27%. This makes home ownership in Ormsby an attractive option for those looking for good investment options and stable housing costs.
The median home cost in Ormsby is $282,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ormsby is up 14.7%.
Average Age of Homes
- The median age of Ormsby real estate is 61 years old
The Rental Market in Ormsby
- Renters make up 0.0% of the Ormsby population
- 0.0% of houses and apartments in Ormsby, 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.