The housing market in Worthington, MN Metro Area is quite impressive, with a median value of $193,100. This is significantly lower than the US median value of $338,100. Despite this disparity, the real estate appreciation rate in Worthington has remained comparable to the US rate over the past year at 8.21%, which is only slightly lower than the US rate of 8.27%. This indicates that people are seeing significant gains on their investments in this region and that it is likely to remain a strong real estate market for years to come.
The median home cost in Worthington Metro Area is $193,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Worthington Metro Area is up 14.7%.
Average Age of Homes
- The median age of Worthington Metro Area real estate is 55 years old
The Rental Market in Worthington Metro Area
- Renters make up 25.9% of the Worthington Metro Area population
- 1.1% of houses and apartments in Worthington 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.