The housing market in Spruce Hill, MN is quite strong. The median value of a house is at $347,700, which is slightly higher than the US median value of $338,100. In addition, the 1 year appreciation rate for houses in Spruce Hill is 8.57%, which is slightly higher than the national average of 8.27%. This suggests that there is a healthy demand for housing in this area and prices are likely to continue to increase.
The median home cost in Spruce Hill is $347,700. Home appreciation the last 10 years has been 79.5%. Home Appreciation in Spruce Hill is up 14.8%.
Average Age of Homes
- The median age of Spruce Hill real estate is 51 years old
The Rental Market in Spruce Hill
- Renters make up 6.5% of the Spruce Hill population
- 0.0% of houses and apartments in Spruce Hill, 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.