The housing market in Royalton, MN is quite strong. The median value for houses in the area stands at $224,600 which is quite lower than the national median of $338,100. Despite this difference, the one-year appreciation rate for homes in Royalton, MN remains strong at 7.75%, close to the national rate of 8.27%. This makes it an attractive market for potential home owners or investors with an eye on returns.
The median home cost in Royalton is $224,600. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Royalton is up 13.6%.
Average Age of Homes
- The median age of Royalton real estate is 36 years old
The Rental Market in Royalton
- Renters make up 26.2% of the Royalton population
- 0.0% of houses and apartments in Royalton, 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.