The housing market in 56140 Ihlen, MN is very strong. The median value of a house in the area is $95,000 which is significantly lower than the US median value of $338,100. Not only is the median value lower but the 1 year appreciation rate for the area is also higher at 9.54%, compared to 8.27% nationally. This makes Ihlen an attractive option for potential homeowners looking for good returns on their investment.
The median home cost in Ihlen (zip 56140) is $95,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ihlen (zip 56140) is up 14.7%.
Average Age of Homes
- The median age of Ihlen (zip 56140) real estate is 78 years old
The Rental Market in Ihlen (zip 56140)
- Renters make up 2.6% of the Ihlen (zip 56140) population
- 0.0% of houses and apartments in Ihlen (zip 56140), 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.