The housing market in Salem township (Olmsted County), MN is doing very well compared to the national housing market. The median value for homes in this area is currently $412,900 while the US median house value is $338,100. While both markets have seen a rise in appreciation over the past year, the US overall saw an increase of 8.27%, while the Salem Township area experienced an even higher appreciation at 6.78%. This makes it a great place to invest in real estate and should continue to be a good location for buying and selling houses in the near future.
The median home cost in Salem township (Olmsted County) is $412,900. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Salem township (Olmsted County) is up 11.4%.
Average Age of Homes
- The median age of Salem township (Olmsted County) real estate is 43 years old
The Rental Market in Salem township (Olmsted County)
- Renters make up 14.3% of the Salem township (Olmsted County) population
- 1.4% of houses and apartments in Salem township (Olmsted County), 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.