Wells, MN is a small town that has seen a great deal of growth in recent years. The housing median value in Wells is $114,600, significantly lower than the US house median value of $338,100. Despite this difference in cost however, Wells has enjoyed an impressive 1 year appreciation rate of 11.33%, significantly higher than the 8.27% national appreciation rate over the same period. This speaks to the strength of the local housing market and its growth potential for those looking to invest in real estate.
The median home cost in Wells is $114,600. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Wells is up 11.6%.
Average Age of Homes
- The median age of Wells real estate is 60 years old
The Rental Market in Wells
- Renters make up 27.3% of the Wells population
- 0.0% of houses and apartments in Wells, 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.