The housing market in Terrebonne, MN is highly desirable due to its median value being significantly lower than the US average. Currently, the median value of a home in Terrebonne, MN is $182,200 while the median value of a house in the US is $338,100. In addition to this attractive price point, homes in Terrebonne have had a higher appreciation rate than the national average with an 8.27% increase over the past year compared to 9.54% for houses in Terrebonne. This combination makes Terrebonne an ideal place for anyone looking for an affordable and reliable investment.
The median home cost in Terrebonne is $182,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Terrebonne is up 14.7%.
Average Age of Homes
- The median age of Terrebonne real estate is 41 years old
The Rental Market in Terrebonne
- Renters make up 5.0% of the Terrebonne population
- 0.0% of houses and apartments in Terrebonne, 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.