The housing market in the Fergus Falls, MN Metro Area has experienced significant appreciation over the last year. The median value of homes in the area is currently $283,400, which is significantly lower than the US House Median Value of $338,100. Despite this difference however, the area has seen an impressive 1 year appreciation of 9.46%, slightly ahead of the US average of 8.27%. This suggests that investing in property in Fergus Falls can be a great opportunity for those looking to buy a home and make it their own.
The median home cost in Fergus Falls Metro Area is $283,400. Home appreciation the last 10 years has been 73.4%. Home Appreciation in Fergus Falls Metro Area is up 13.6%.
Average Age of Homes
- The median age of Fergus Falls Metro Area real estate is 40 years old
The Rental Market in Fergus Falls Metro Area
- Renters make up 14.2% of the Fergus Falls Metro Area population
- 1.1% of houses and apartments in Fergus Falls Metro Area, 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.