The housing market in Solem, MN is healthy and strong. The median value for a house is $293,500 which is slightly lower than the US average of $338,100. In the past year, homes in Solem have seen an appreciation of 7.75%, just slightly below the national average of 8.27%. This indicates that homeowners in Solem are still seeing a good return on their investment despite not quite matching the national average. It's also worth noting that home values in Solem have been steadily increasing over the past few years, suggesting it's a great place to invest your money into real estate.
The median home cost in Solem is $293,500. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Solem is up 13.6%.
Average Age of Homes
- The median age of Solem real estate is 43 years old
The Rental Market in Solem
- Renters make up 4.5% of the Solem population
- 0.0% of houses and apartments in Solem, 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.