The housing market in Transit, MN is a great option for those looking to invest in real estate. The median value of a house in Transit, MN is currently at $235,500 which is significantly lower than the national median value of $338,100. Despite this difference in price point, the one year house appreciation rate in Transit, MN is only slightly less than the national average at 6.82% compared to 8.27%. This makes investing in real estate in this area an attractive proposition for potential home buyers and investors alike.
The median home cost in Transit is $235,500. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Transit is up 11.0%.
Average Age of Homes
- The median age of Transit real estate is 75 years old
The Rental Market in Transit
- Renters make up 13.3% of the Transit population
- 0.0% of houses and apartments in Transit, 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.