The housing market in Springfield township, MN is robust. According to recent data, the median value of houses in the area is $186,700, which is much lower than the US House Median Value of $338,100. In addition, the one year house appreciation rate for Springfield township was 9.54%, higher than the 8.27% nationwide average. This indicates that housing prices are increasing steadily in Springfield township and suggests that it is a good time for potential homebuyers to invest in the local market.
The median home cost in Springfield township (Cottonwood County) is $186,700. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Springfield township (Cottonwood County) is up 14.7%.
Average Age of Homes
- The median age of Springfield township (Cottonwood County) real estate is 68 years old
The Rental Market in Springfield township (Cottonwood County)
- Renters make up 20.4% of the Springfield township (Cottonwood County) population
- 0.0% of houses and apartments in Springfield township (Cottonwood County), 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.