The housing market in 56308 Alexandria, MN is slightly below the median value of the United States overall at $309,200. With a one year house appreciation rate of 7.75%, it is slightly lower than the US rate of 8.27%. This slower rate of growth implies that investment in housing in this area may be less profitable than elsewhere. Nevertheless, as the median value continues to remain relatively low, there may still be plenty of opportunity for buyers to purchase a home and potentially see their investment appreciate over time.
The median home cost in Alexandria (zip 56308) is $309,200. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Alexandria (zip 56308) is up 13.6%.
Average Age of Homes
- The median age of Alexandria (zip 56308) real estate is 32 years old
The Rental Market in Alexandria (zip 56308)
- Renters make up 22.7% of the Alexandria (zip 56308) population
- 0.9% of houses and apartments in Alexandria (zip 56308), 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.