The housing market in 56032 Freeborn, MN is performing well above the national average. The median value of homes in this area is $108,000, which is significantly lower than the US House Median Value of $338,100. In addition to having an affordable local market, the one year house appreciation rate is 11.33%, which is much higher than the US House Appreciation rate of 8.27%. This indicates that there has been significant growth in the value of homes in Freeborn over the past year and suggests that this trend may continue into the future. Therefore, it appears that now is a great time to invest in housing in this area.
The median home cost in Freeborn (zip 56032) is $108,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Freeborn (zip 56032) is up 11.6%.
Average Age of Homes
- The median age of Freeborn (zip 56032) real estate is 64 years old
The Rental Market in Freeborn (zip 56032)
- Renters make up 13.4% of the Freeborn (zip 56032) population
- 0.0% of houses and apartments in Freeborn (zip 56032), 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.