Providence, MN is a small city in Minnesota that has seen a rapid growth in housing value over the past year. The median housing value in Providence, MN is currently $155,800 and is much less than the national median of $338,100. Despite this lower price point, the 1 year house appreciation rate in Providence is 13.39%, which is significantly higher than the 8.27% rate nationally. This makes Providence an attractive option for potential home buyers looking for an affordable and appreciating property market.
The median home cost in Providence is $155,800. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Providence is up 12.6%.
Average Age of Homes
- The median age of Providence real estate is 71 years old
The Rental Market in Providence
- Renters make up 6.9% of the Providence population
- 0.0% of houses and apartments in Providence, 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.