The housing market in Red Eye, MN is currently booming with a median value of $231,900. This is significantly less than the US house median value of $338,100. The US 1 year house appreciation rate was 8.27%, but the appreciation rate in Red Eye, MN last year was 12.38%, making it an attractive place to invest in real estate. There are many opportunities to purchase a home or property at a great price that will likely appreciate over time, making for a smart investment for any potential homeowner.
The median home cost in Red Eye is $231,900. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Red Eye is up 20.4%.
Average Age of Homes
- The median age of Red Eye real estate is 43 years old
The Rental Market in Red Eye
- Renters make up 12.7% of the Red Eye population
- 0.0% of houses and apartments in Red Eye, 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.