Zip 56519 (Borup, MN) Housing

The housing market in 56519 Borup, MN is relatively strong compared to the national average. The median value of homes in this area is $182,500, which is significantly lower than the US median of $338,100. Additionally, the 1 year appreciation rate of homes in 56519 Borup is 8.21%, slightly below the national average of 8.27%. This indicates that home prices are rising steadily and that now might be a good time to make an investment in this area.

The median home cost in Borup (zip 56519) is $182,500. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Borup (zip 56519) is up 13.6%.

Average Age of Homes

- The median age of Borup (zip 56519) real estate is 47 years old

The Rental Market in Borup (zip 56519)

- Renters make up 9.8% of the Borup (zip 56519) population
- 0.0% of houses and apartments in Borup (zip 56519), 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	Borup, Minnesota	United States
	131.0	139,647,020.0
	56	42
	$182,500	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$10.74	$10.98
	$788	$2,690
	69.5%	57.4%
	15.3%	11.2%
	15.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	15.3%	4.1%
Value of Owner-Occupied Housing
	5.5%	2.6%
	18.7%	2.4%
	2.2%	2.8%
	18.7%	3.9%
	5.5%	4.5%
	12.1%	11.3%
	15.4%	13.0%
	7.7%	20.1%
	8.8%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	5.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	3.8%	13.6%
	8.4%	13.2%
	13.7%	14.8%
	3.8%	13.6%
	9.9%	10.0%
	7.6%	4.7%
	23.7%	12.2%

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