Housing in 56229 Cottonwood, MN is a great investment. The median value of housing in this area is $195,100, which is much less than the US House Median Value of $338,100. Furthermore, the area has seen an increase of 13.39% in house appreciation over the past year, compared to the US 1 year House Appreciation rate of 8.27%. This makes it an attractive option for both first-time home buyers and those looking for a long-term investment. With these numbers, it is clear that housing in 56229 Cottonwood, MN is a great opportunity for potential homeowners and investors alike.
The median home cost in Cottonwood (zip 56229) is $195,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Cottonwood (zip 56229) is up 12.6%.
Average Age of Homes
- The median age of Cottonwood (zip 56229) real estate is 52 years old
The Rental Market in Cottonwood (zip 56229)
- Renters make up 26.9% of the Cottonwood (zip 56229) population
- 1.2% of houses and apartments in Cottonwood (zip 56229), 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.