The housing market in Wells, MN (56097) is currently quite strong. The median value of homes in the area is $148,500, which is significantly lower than the US median value of $338,100. However, the appreciation rate of homes in Wells has been even more impressive than that of the overall US housing market. Over the past year, home values in Wells have grown by 11.33%, whereas US-wide values only increased by 8.27%. This means that homeowners in Wells have seen a greater return on their investment over the past year than those across the country as a whole.
The median home cost in Wells (zip 56097) is $148,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Wells (zip 56097) is up 11.6%.
Average Age of Homes
- The median age of Wells (zip 56097) real estate is 63 years old
The Rental Market in Wells (zip 56097)
- Renters make up 21.0% of the Wells (zip 56097) population
- 0.0% of houses and apartments in Wells (zip 56097), 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.