The housing market in Thomson township, MN has been performing well over the last year. The median value of houses in the area is $342,400, which is slightly higher than the US House Median Value at $338,100. The US 1 year House Appreciation rate is 8.27%, while the appreciation rate for houses in Thomson township over the same period was 12.93%. This shows that there has been a significant increase in property values and that investing in real estate in this area can be a great option for those looking to buy or rent.
The median home cost in Thomson is $342,400. Home appreciation the last 10 years has been 60.9%. Home Appreciation in Thomson is up 13.3%.
Average Age of Homes
- The median age of Thomson real estate is 40 years old
The Rental Market in Thomson
- Renters make up 7.6% of the Thomson population
- 0.0% of houses and apartments in Thomson, 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.