Zip 55016 (Cottage Grove, MN) Housing

In Cottage Grove, MN (55016) the median housing value is $356,000. This is slightly higher than the US house median value of $338,100. Over the past year, the US has seen an appreciation of 8.27%, while in Cottage Grove, MN this appreciation rate was 6.66%. These figures show that housing appreciation is slightly lower in Cottage Grove compared to the rest of the country which could be a reflection of the local economy or job market.

The median home cost in Cottage Grove (zip 55016) is $356,000. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Cottage Grove (zip 55016) is up 12.2%.

Average Age of Homes

- The median age of Cottage Grove (zip 55016) real estate is 31 years old

The Rental Market in Cottage Grove (zip 55016)

- Renters make up 11.0% of the Cottage Grove (zip 55016) population
- 0.3% of houses and apartments in Cottage Grove (zip 55016), 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	Cottage Grove, Minnesota	United States
	13,070.0	139,647,020.0
	34	42
	$356,000	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$11.86	$10.98
	$3,335	$2,690
	85.7%	57.4%
	2.7%	11.2%
	11.7%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	0.6%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	1.8%	2.4%
	0.3%	2.8%
	0.1%	3.9%
	0.7%	4.5%
	2.9%	11.3%
	9.8%	13.0%
	42.2%	20.1%
	23.1%	13.6%
	13.0%	8.3%
	5.2%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	1.0%	0.2%
	15.3%	13.6%
	15.3%	13.6%
	24.6%	13.6%
	14.2%	13.2%
	16.4%	14.8%
	24.6%	13.6%
	8.7%	10.0%
	0.6%	4.7%
	0.9%	12.2%

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