The housing market in Severance, MN is relatively healthy. The median value of houses in the area is $217,200, which is significantly lower than the US House Median Value of $338,100. Over the last year, appreciation has been at 8.27% for America as a whole and 6.82% in Severance, MN. This shows that although the values are lower than typical US house values, appreciation has been on an upswing in the area.
The median home cost in Severance is $217,200. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Severance is up 11.0%.
Average Age of Homes
- The median age of Severance real estate is 64 years old
The Rental Market in Severance
- Renters make up 9.4% of the Severance population
- 3.7% of houses and apartments in Severance, 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.