The housing market in St. Michael, MN is seen as a desirable place to live with its median house value of $401,000. This is 20% higher than the US median house value of $338,100. While the US 1 year house appreciation rate is 8.27%, St. Michael has had a slightly lower rate of 6.82%. This suggests that while houses in St. Michael are still appreciating in value, it is not happening at the same rate as in other parts of the US. In summary, St. Michael offers great housing options at above-average costs but with an appreciation rate that lags behind the national average.
The median home cost in St. Michael is $401,000. Home appreciation the last 10 years has been 89.8%. Home Appreciation in St. Michael is up 11.0%.
Average Age of Homes
- The median age of St. Michael real estate is 20 years old
The Rental Market in St. Michael
- Renters make up 9.1% of the St. Michael population
- 0.0% of houses and apartments in St. Michael, 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.