Spring Grove, MN is a small town located in Houston County with a population of 821. The median housing value in Spring Grove is $197,900, which is significantly lower than the US median house value of $338,100. Despite the lower median value of homes in Spring Grove, its housing market has seen an impressive appreciation rate of 6.78% over the past year, compared to the US average 1 year appreciation rate of 8.27%. This may be an attractive factor for potential buyers looking for a more affordable option while still seeing a healthy growth in housing prices.
The median home cost in Spring Grove is $197,900. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Spring Grove is up 11.4%.
Average Age of Homes
- The median age of Spring Grove real estate is 63 years old
The Rental Market in Spring Grove
- Renters make up 21.9% of the Spring Grove population
- 2.3% of houses and apartments in Spring Grove, 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.