The housing market in South Harbor, MN is thriving. The median value of homes in South Harbor is $302,400, which is significantly lower than the US median value of $338,100 for houses. Despite the difference in median price, homeowners have seen good returns over the past year with a house appreciation rate of 7.75%, compared to 8.27% nationally. This shows that South Harbor is still a great place to invest in a home and get good returns on your investment.
The median home cost in South Harbor is $302,400. Home appreciation the last 10 years has been 77.8%. Home Appreciation in South Harbor is up 13.6%.
Average Age of Homes
- The median age of South Harbor real estate is 33 years old
The Rental Market in South Harbor
- Renters make up 12.0% of the South Harbor population
- 0.9% of houses and apartments in South Harbor, 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.