The housing market in Spang, MN is thriving. The median value of housing in Spang is $223,300, which is significantly lower than the US House Median Value of $338,100. However, Spang has seen a higher house appreciation rate over the past year at 13.08%, compared to 8.27% for the US as a whole. This suggests that houses are being purchased quickly and that values are increasing fast in the area of Spang. It appears that this trend is likely to continue as people flock to purchase homes in the area due to its attractive prices and expected high returns on investments in real estate.
The median home cost in Spang is $223,300. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Spang is up 13.2%.
Average Age of Homes
- The median age of Spang real estate is 26 years old
The Rental Market in Spang
- Renters make up 11.0% of the Spang population
- 0.0% of houses and apartments in Spang, 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.