Southbrook, MN is a great place to invest in housing. The median value of housing in the area is $278,600, significantly lower than the US median value of $338,100. In the past year alone, the house appreciation rate has risen by 9.54%, compared to 8.27% for the United States as a whole. This higher appreciation rate indicates that people are increasingly interested in investing in Southbrook's housing market and that it could be an attractive option for potential buyers or renters looking for affordable options. With exciting prospects on the horizon, Southbrook looks like a promising choice for those seeking to invest in real estate.
The median home cost in Southbrook is $278,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Southbrook is up 14.7%.
Average Age of Homes
- The median age of Southbrook real estate is 78 years old
The Rental Market in Southbrook
- Renters make up 12.3% of the Southbrook population
- 0.0% of houses and apartments in Southbrook, 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.