The housing market in Prescott, MN is vibrant and has experienced greater appreciation over the past year than the national average. The current median value for a house in Prescott is $265,000, which is significantly lower than the national median value of $338,100. Over the past year, houses in Prescott have appreciated by 11.33%, which is much higher than the 8.27% national appreciation rate. This demonstrates why many people are choosing to invest in housing in Prescott as they can expect to see a good return on their investment.
The median home cost in Prescott is $265,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Prescott is up 11.6%.
Average Age of Homes
- The median age of Prescott real estate is 63 years old
The Rental Market in Prescott
- Renters make up 8.4% of the Prescott population
- 0.0% of houses and apartments in Prescott, 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.