The housing market in Elizabeth, MN (56533) is currently booming. The median value of a home in this area is $183,600, significantly lower than the US national median value of $338,100. Despite the lower price point for homes in Elizabeth, appreciation rates have been just as strong as the rest of the country at 8.21%. This means that real estate prices have increased at an impressive rate over the past year alone. With such an affordable and strong appreciation rate it's no wonder why the housing market in Elizabeth shows no signs of slowing down.
The median home cost in Elizabeth (zip 56533) is $183,600. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elizabeth (zip 56533) is up 13.6%.
Average Age of Homes
- The median age of Elizabeth (zip 56533) real estate is 23 years old
The Rental Market in Elizabeth (zip 56533)
- Renters make up 13.7% of the Elizabeth (zip 56533) population
- 0.0% of houses and apartments in Elizabeth (zip 56533), 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.