55124 Apple Valley, MN has a housing median value of $348,600 which is slightly higher than the US median value of $338,100. The US house appreciation rate for the last year was 8.27%, but the appreciation rate in 55124 Apple Valley, MN was only 4.70%. This means that the housing market in 55124 Apple Valley, MN is slower than the national average and may be a sign that this market is cooling off. It's important to note that this doesn't mean that real estate values in 55124 Apple Valley are decreasing, merely that they are moving at a slower pace compared to other regions throughout the country.
The median home cost in Apple Valley (zip 55124) is $348,600. Home appreciation the last 10 years has been 85.8%. Home Appreciation in Apple Valley (zip 55124) is up 9.2%.
Average Age of Homes
- The median age of Apple Valley (zip 55124) real estate is 30 years old
The Rental Market in Apple Valley (zip 55124)
- Renters make up 19.9% of the Apple Valley (zip 55124) population
- 1.3% of houses and apartments in Apple Valley (zip 55124), 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.