The housing in 56121 Ceylon, Minnesota has seen a positive appreciation rate over the past year. According to the data given, the median value of housing in this area is $111,900 which is much lower than the US house median value of $338,100. However, over the past year, this area has seen an increase in home values at a rate of 9.54%, which is higher than the national average of 8.27%. This indicates that Ceylon real estate could be a great investment for those looking for affordable homes with potential appreciation.
The median home cost in Ceylon (zip 56121) is $111,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ceylon (zip 56121) is up 14.7%.
Average Age of Homes
- The median age of Ceylon (zip 56121) real estate is 74 years old
The Rental Market in Ceylon (zip 56121)
- Renters make up 16.7% of the Ceylon (zip 56121) population
- 1.1% of houses and apartments in Ceylon (zip 56121), 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.