Housing in Orr, MN is quite impressive. The median value of houses in Orr is $178,100, which is significantly lower than the national average of $338,100. In addition to being cheaper than the national average, homes in Orr have experienced a 13.08% appreciation rate over the last year compared to an 8.27% appreciation rate nationwide. This suggests that housing in Orr has been growing at a higher rate than the rest of the country. Therefore, if you are looking for an area with affordable and rapidly appreciating housing then Orr may be a great option for you.
The median home cost in Orr is $178,100. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Orr is up 13.2%.
Average Age of Homes
- The median age of Orr real estate is 43 years old
The Rental Market in Orr
- Renters make up 32.4% of the Orr population
- 18.0% of houses and apartments in Orr, 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.