Zip 56244 (Hancock, MN) Housing

Housing in 56244 Hancock, MN is very affordable compared to the US median value. The median value of a house in this area is $150,600, while the national median value is $338,100. This means that you can purchase more house for your money and potentially benefit from greater appreciation. In fact, in the past year alone, house appreciation has increased by 13.39% in this area - significantly higher than the 8.27% increase seen nationally during this same period.

The median home cost in Hancock (zip 56244) is $150,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Hancock (zip 56244) is up 12.6%.

Average Age of Homes

- The median age of Hancock (zip 56244) real estate is 56 years old

The Rental Market in Hancock (zip 56244)

- Renters make up 22.7% of the Hancock (zip 56244) population
- 0.7% of houses and apartments in Hancock (zip 56244), 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	Hancock, Minnesota	United States
	677.0	139,647,020.0
	57	42
	$150,600	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$8.12	$10.98
	$1,195	$2,690
	68.2%	57.4%
	14.0%	11.2%
	17.7%	31.4%
Vacant Housing
	0.7%	1.9%
	1.8%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	7.8%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	5.8%	2.4%
	6.9%	2.8%
	6.3%	3.9%
	10.2%	4.5%
	16.2%	11.3%
	10.0%	13.0%
	13.4%	20.1%
	15.6%	13.6%
	5.8%	8.3%
	3.0%	9.7%
	0.4%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.1%	13.6%
	11.1%	13.6%
	7.5%	13.6%
	6.2%	13.2%
	18.5%	14.8%
	7.5%	13.6%
	5.8%	10.0%
	8.6%	4.7%
	33.2%	12.2%

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