Zip 55355 (Litchfield, MN) Housing

Housing in 55355 Litchfield, MN is an attractive investment opportunity for potential homebuyers. The median value of homes in this area is $200,700, significantly lower than the US House median value of $338,100. Although the one-year house appreciation rate for the United States is 8.27%, it is slightly lower at 6.82% for 55355 Litchfield, MN. This exemplifies an excellent opportunity to invest in a stable housing market that appreciates more slowly than other areas across the country.

The median home cost in Litchfield (zip 55355) is $200,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Litchfield (zip 55355) is up 11.0%.

Average Age of Homes

- The median age of Litchfield (zip 55355) real estate is 48 years old

The Rental Market in Litchfield (zip 55355)

- Renters make up 23.6% of the Litchfield (zip 55355) population
- 1.2% of houses and apartments in Litchfield (zip 55355), 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	Litchfield, Minnesota	United States
	4,477.0	139,647,020.0
	49	42
	$200,700	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$10.08	$10.98
	$1,716	$2,690
	68.1%	57.4%
	12.0%	11.2%
	19.9%	31.4%
Vacant Housing
	1.2%	1.9%
	0.1%	0.4%
	0.7%	0.7%
	0.1%	0.4%
	7.8%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	2.0%	2.4%
	1.0%	2.8%
	6.6%	3.9%
	6.4%	4.5%
	17.2%	11.3%
	25.7%	13.0%
	23.8%	20.1%
	8.4%	13.6%
	3.0%	8.3%
	1.2%	9.7%
	0.7%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.1%	13.6%
	9.1%	13.6%
	8.8%	13.6%
	11.1%	13.2%
	21.0%	14.8%
	8.8%	13.6%
	12.6%	10.0%
	6.1%	4.7%
	18.0%	12.2%

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