Ottawa, MN is an attractive housing market for potential homeowners. The median value of a house in the city stands at $263,800, which is considerably lower than the US median of $338,100. Additionally, it has seen greater appreciation over the last year than the national average; 11.3% compared to 8.27%. This makes Ottawa an ideal location for prospective buyers seeking to take advantage of a growing market with affordable prices.
The median home cost in Ottawa is $263,800. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Ottawa is up 11.6%.
Average Age of Homes
- The median age of Ottawa real estate is 42 years old
The Rental Market in Ottawa
- Renters make up 12.8% of the Ottawa population
- 1.5% of houses and apartments in Ottawa, 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.