Zip 56240 (Graceville, MN) Housing

Housing in 56240 Graceville, MN is more affordable than the US average as the median value of a house in 56240 Graceville, MN is $127,500, compared to the US median house value of $338,100. Over the past one year, house appreciation has been higher in 56240 Graceville than in the US as a whole with 13.39% house appreciation in comparison to 8.27% for the US. This could be an attractive option for those looking for an affordable home and real estate investment opportunity.

The median home cost in Graceville (zip 56240) is $127,500. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Graceville (zip 56240) is up 12.6%.

Average Age of Homes

- The median age of Graceville (zip 56240) real estate is 64 years old

The Rental Market in Graceville (zip 56240)

- Renters make up 17.2% of the Graceville (zip 56240) population
- 3.2% of houses and apartments in Graceville (zip 56240), 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	Graceville, Minnesota	United States
	380.0	139,647,020.0
	53	42
	$127,500	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$9.01	$10.98
	$1,059	$2,690
	62.1%	57.4%
	10.3%	11.2%
	27.6%	31.4%
Vacant Housing
	3.2%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.6%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	6.4%	2.4%
	11.0%	2.8%
	14.0%	3.9%
	14.8%	4.5%
	25.8%	11.3%
	8.1%	13.0%
	13.6%	20.1%
	1.7%	13.6%
	1.3%	8.3%
	0.8%	9.7%
	2.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	4.2%	13.6%
	12.1%	13.2%
	26.6%	14.8%
	4.2%	13.6%
	8.4%	10.0%
	5.5%	4.7%
	31.1%	12.2%

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