The housing market in Minnesota, ND is relatively strong. The median value of homes in the area is $164,300, which is much lower than the national house median value of $338,100. In the past year alone, house appreciation in Minnesota, ND has been 9.41%, slightly higher than the US rate of 8.27%. With this strong appreciation rate and affordable median value, it makes for an attractive option for potential home buyers looking to invest in real estate in the area.
The median home cost in Minnesota is $164,300. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Minnesota is up 10.5%.
Average Age of Homes
- The median age of Minnesota real estate is 78 years old
The Rental Market in Minnesota
- Renters make up 20.0% of the Minnesota population
- 0.0% of houses and apartments in Minnesota, 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.