Zip 56062 (Madelia, MN) Housing

The housing market in Madelia, MN (56062) is showing more appreciation than the national average. The median value for homes in Madelia is $199,900, which is much lower than the national median housing value of $338,100. However, over the last year there has been an 11.33% increase in home values in Madelia compared to 8.27% across the United States. This indicates that the real estate market is robust and people are making good investments in this area of Minnesota.

The median home cost in Madelia (zip 56062) is $199,900. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Madelia (zip 56062) is up 11.6%.

Average Age of Homes

- The median age of Madelia (zip 56062) real estate is 59 years old

The Rental Market in Madelia (zip 56062)

- Renters make up 23.9% of the Madelia (zip 56062) population
- 1.7% of houses and apartments in Madelia (zip 56062), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Madelia, Minnesota	United States
	1,389.0	139,647,020.0
	69	42
	$199,900	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.52	$10.98
	$1,484	$2,690
	62.3%	57.4%
	14.3%	11.2%
	23.3%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.7%	0.4%
	1.4%	3.6%
	10.5%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	0.2%	2.4%
	5.1%	2.8%
	10.7%	3.9%
	10.5%	4.5%
	24.2%	11.3%
	15.8%	13.0%
	13.3%	20.1%
	10.7%	13.6%
	2.3%	8.3%
	2.9%	9.7%
	0.6%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	7.6%	13.6%
	6.8%	13.2%
	12.1%	14.8%
	7.6%	13.6%
	10.7%	10.0%
	4.9%	4.7%
	43.0%	12.2%

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