The housing market in Delavan, MN (zip code 56023) is quite strong. The median value of homes in the area is $156,400, significantly lower than the US median home value of $338,100. However, this affordability is offset by a greater appreciation over the last year. The US house appreciation rate was 8.27%, while Delavan experienced 11.33% growth in home values over the same time period. This makes Delavan an attractive option for prospective homeowners who are looking for a great deal on their next home purchase.
The median home cost in Delavan (zip 56023) is $156,400. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Delavan (zip 56023) is up 11.6%.
Average Age of Homes
- The median age of Delavan (zip 56023) real estate is 78 years old
The Rental Market in Delavan (zip 56023)
- Renters make up 16.2% of the Delavan (zip 56023) population
- 0.0% of houses and apartments in Delavan (zip 56023), 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.