Zip 55604 (Grand Marais, MN) Housing

The housing in Grand Marais, MN (55604) is doing well compared to the US house median value of $338,100. The median value of housing in this area is $336,300 and has seen an appreciation of 12.16% in the last year alone. This is significantly higher than the US house appreciation rate of 8.27%, indicating that Grand Marais is a great place for homeowners to get good returns on their investment. This trend looks set to continue as the region continues to experience strong growth in the real estate market.

The median home cost in Grand Marais (zip 55604) is $336,300. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Grand Marais (zip 55604) is up 13.9%.

Average Age of Homes

- The median age of Grand Marais (zip 55604) real estate is 36 years old

The Rental Market in Grand Marais (zip 55604)

- Renters make up 8.9% of the Grand Marais (zip 55604) population
- 0.3% of houses and apartments in Grand Marais (zip 55604), 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	Grand Marais, Minnesota	United States
	3,357.0	139,647,020.0
	42	42
	$336,300	$338,100
	13.9%	16.6%
	49.8%	57.0%
	70.1%	101.1%
	$7.63	$10.98
	$2,037	$2,690
	39.1%	57.4%
	51.4%	11.2%
	9.5%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	49.4%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.0%	2.4%
	1.8%	2.8%
	0.7%	3.9%
	0.0%	4.5%
	4.8%	11.3%
	19.8%	13.0%
	30.3%	20.1%
	21.3%	13.6%
	8.0%	8.3%
	9.3%	9.7%
	2.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	17.2%	13.6%
	17.2%	13.6%
	12.8%	13.6%
	12.6%	13.2%
	16.1%	14.8%
	12.8%	13.6%
	11.6%	10.0%
	6.9%	4.7%
	9.7%	12.2%

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