The housing market in Tonka Bay, MN is thriving. The median value of a home in Tonka Bay is $954,100 which is higher than the US median value of $338,100. Over the last year, the appreciation of homes has been 8.27% nationally and 6.82% in Tonka Bay. This indicates that housing prices are continuing to remain steady and increase at a steady pace. As such, Tonka Bay is an attractive option for potential home buyers looking for an investment or just a place to call home.
The median home cost in Tonka Bay is $954,100. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Tonka Bay is up 11.0%.
Average Age of Homes
- The median age of Tonka Bay real estate is 49 years old
The Rental Market in Tonka Bay
- Renters make up 10.8% of the Tonka Bay population
- 0.0% of houses and apartments in Tonka Bay, 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.