Housing in the 56113 Arco, MN area has an impressive median value of $116,500 compared to the US house median value of $338,100. Not only is the housing more affordable here than nationally on average, but homeowners in this area have experienced a greater appreciation rate with a 1 year house appreciation of 9.54 percent compared to the US 1 year house appreciation of 8.27 percent. Overall, housing in 56113 Arco, MN is more affordable and appreciated at higher rates than nationally on average, making it an attractive living option for those looking for an affordable home with high potential returns.
The median home cost in Arco (zip 56113) is $116,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Arco (zip 56113) is up 14.7%.
Average Age of Homes
- The median age of Arco (zip 56113) real estate is 60 years old
The Rental Market in Arco (zip 56113)
- Renters make up 9.2% of the Arco (zip 56113) population
- 5.0% of houses and apartments in Arco (zip 56113), 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.