Red Lake Falls township, MN is an area that has seen significant growth in regards to housing. The median value of homes in this township is $177,200, which is significantly lower than the US median house value of $338,100. This makes it a more affordable option for potential homeowners. Furthermore, the year-on-year house appreciation rate in Red Lake Falls township is 9.54%, which is higher than the national average of 8.27%. This means that there are good prospects for further growth and potential investment opportunities in this area.
The median home cost in Red Lake Falls township is $177,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Red Lake Falls township is up 14.7%.
Average Age of Homes
- The median age of Red Lake Falls township real estate is 41 years old
The Rental Market in Red Lake Falls township
- Renters make up 12.4% of the Red Lake Falls township population
- 0.0% of houses and apartments in Red Lake Falls township, 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.