The housing market in Truman, MN is currently very strong. The median value of a house in Truman is $170,900, which is lower than the national median value of $338,100. This means that it is more affordable to buy a home in Truman compared to other parts of the country. Additionally, the one-year appreciation rate for housing in Truman is 11.33%, higher than the national average of 8.27%. This indicates that homes are increasing in value at a steady rate and suggests that investing in real estate in this area is a smart decision.
The median home cost in Truman is $170,900. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Truman is up 11.6%.
Average Age of Homes
- The median age of Truman real estate is 62 years old
The Rental Market in Truman
- Renters make up 24.5% of the Truman population
- 1.4% of houses and apartments in Truman, 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.