The housing market in Wakefield, MN is strong and growing. The median value of homes in the area is $480,400, which is significantly higher than the US median value of $338,100. Over the past year, the overall appreciation for homes in the US was 8.27%, while in Wakefield, MN that figure was 7.75%. This indicates a continued steady rise in housing prices over time and signals a healthy real estate market for buyers and sellers alike.
The median home cost in Wakefield is $480,400. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Wakefield is up 13.6%.
Average Age of Homes
- The median age of Wakefield real estate is 35 years old
The Rental Market in Wakefield
- Renters make up 2.5% of the Wakefield population
- 0.0% of houses and apartments in Wakefield, 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.