Zip 56218 (Boyd, MN) Housing

The housing market in 56218 Boyd, MN is thriving. The median value of homes in this area is $240,200, which is significantly lower than the US House Median Value of $338,100. However, the one year appreciation rate for homes in this neighborhood is 13.39%, which is much higher than the national average of 8.27%. This indicates that real estate values are rapidly growing in 56218 Boyd, MN and that this could be a great place to invest in a home.

The median home cost in Boyd (zip 56218) is $240,200. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Boyd (zip 56218) is up 12.6%.

Average Age of Homes

- The median age of Boyd (zip 56218) real estate is 77 years old

The Rental Market in Boyd (zip 56218)

- Renters make up 9.4% of the Boyd (zip 56218) population
- 1.5% of houses and apartments in Boyd (zip 56218), 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	Boyd, Minnesota	United States
	268.0	139,647,020.0
	70	42
	$240,200	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$9.69	$10.98
	$828	$2,690
	75.4%	57.4%
	20.1%	11.2%
	4.5%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	3.4%	3.6%
	15.3%	4.1%
Value of Owner-Occupied Housing
	18.3%	2.6%
	14.4%	2.4%
	8.9%	2.8%
	8.9%	3.9%
	1.0%	4.5%
	10.9%	11.3%
	14.4%	13.0%
	9.4%	20.1%
	7.4%	13.6%
	2.5%	8.3%
	4.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	1.1%	13.6%
	4.5%	13.2%
	6.3%	14.8%
	1.1%	13.6%
	8.2%	10.0%
	13.4%	4.7%
	59.0%	12.2%

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