Rice, MN is a relatively small town located in the central part of the state. The median value of housing in Rice, MN is $303,700, which is slightly lower than the US House Median Value of $338,100. Although the 1 year House Appreciation for the US is 8.27%, the appreciation rate in Rice, MN is 7.75%. Overall, despite a slightly lower appreciation rate than average, Rice has seen steady growth in its housing market over time.
The median home cost in Rice is $303,700. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Rice is up 13.6%.
Average Age of Homes
- The median age of Rice real estate is 16 years old
The Rental Market in Rice
- Renters make up 7.2% of the Rice population
- 0.0% of houses and apartments in Rice, 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.