Zip 56243 (Grove City, MN) Housing

The housing in 56243 Grove City, MN is quite impressive. The median house value in the area is $195,000, which is much lower than the US median value of $338,100. In addition to this, the 1 year house appreciation rate in Grove City is 13.39%, which is significantly higher than the US average of 8.27%. This makes 56243 Grove City a great place to invest in real estate and could be a great option for those looking to move into a new area with affordable housing options.

The median home cost in Grove City (zip 56243) is $195,000. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Grove City (zip 56243) is up 12.6%.

Average Age of Homes

- The median age of Grove City (zip 56243) real estate is 49 years old

The Rental Market in Grove City (zip 56243)

- Renters make up 17.8% of the Grove City (zip 56243) population
- 0.0% of houses and apartments in Grove City (zip 56243), 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	Grove City, Minnesota	United States
	788.0	139,647,020.0
	48	42
	$195,000	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$8.78	$10.98
	$1,313	$2,690
	68.9%	57.4%
	12.7%	11.2%
	18.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.8%	0.4%
	0.8%	0.7%
	2.4%	0.4%
	3.7%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	5.7%	2.6%
	0.4%	2.4%
	4.6%	2.8%
	7.9%	3.9%
	5.9%	4.5%
	25.6%	11.3%
	22.1%	13.0%
	14.0%	20.1%
	5.9%	13.6%
	2.6%	8.3%
	3.7%	9.7%
	0.0%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.9%	13.6%
	12.9%	13.6%
	17.0%	13.6%
	7.0%	13.2%
	12.7%	14.8%
	17.0%	13.6%
	6.5%	10.0%
	7.2%	4.7%
	27.3%	12.2%

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