The housing market in Plato, MN is currently doing well, with the median home value being $315,500. Although this is below the US house median value of $338,100, it is still significantly higher than what it was one year ago. In the past year, house values have appreciated by 6.82%, which is slightly lower than the US 1 year appreciation rate of 8.27%. Overall, despite being slightly behind the national average for house appreciation rates, the housing market in Plato remains strong and has been growing steadily for the past year.
The median home cost in Plato is $315,500. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Plato is up 11.0%.
Average Age of Homes
- The median age of Plato real estate is 63 years old
The Rental Market in Plato
- Renters make up 7.9% of the Plato population
- 3.6% of houses and apartments in Plato, 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.