The housing in Menno, SD is quite affordable compared to other areas in the United States. The median value of a home in Menno is only $92,200 which is significantly lower than the national median of $338,100. Despite this difference, homes in Menno have enjoyed a one-year appreciation rate of 12.74%, which is much higher than the national average of 8.27%. This suggests that the demand for housing in Menno remains strong and that it could be a great place to invest money into real estate.
The median home cost in Menno is $92,200. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Menno is up 18.1%.
Average Age of Homes
- The median age of Menno real estate is 61 years old
The Rental Market in Menno
- Renters make up 13.3% of the Menno population
- 1.6% of houses and apartments in Menno, 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.