Zip 56557 (Mahnomen, MN) Housing

The housing market in 56557 Mahnomen, MN has remained relatively consistent over the past year with a median value of $114,900. This is significantly lower than the US median home value of $338,100. Despite this difference, the 1-year appreciation rates for Mahnomen and the US are nearly identical at 8.21% and 8.27%, respectively. This indicates that there is steady demand for homes in Mahnomen despite the lower median value, making it an attractive place to purchase or invest in real estate.

The median home cost in Mahnomen (zip 56557) is $114,900. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Mahnomen (zip 56557) is up 13.6%.

Average Age of Homes

- The median age of Mahnomen (zip 56557) real estate is 48 years old

The Rental Market in Mahnomen (zip 56557)

- Renters make up 25.4% of the Mahnomen (zip 56557) population
- 1.3% of houses and apartments in Mahnomen (zip 56557), 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	Mahnomen, Minnesota	United States
	1,193.0	139,647,020.0
	49	42
	$114,900	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$12.33	$10.98
	$1,136	$2,690
	52.5%	57.4%
	17.5%	11.2%
	30.0%	31.4%
Vacant Housing
	1.3%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	7.9%	3.6%
	7.4%	4.1%
Value of Owner-Occupied Housing
	4.8%	2.6%
	10.1%	2.4%
	13.1%	2.8%
	12.3%	3.9%
	12.1%	4.5%
	17.7%	11.3%
	13.3%	13.0%
	11.7%	20.1%
	2.6%	13.6%
	1.1%	8.3%
	1.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.7%	13.6%
	14.7%	13.6%
	12.9%	13.6%
	9.6%	13.2%
	14.0%	14.8%
	12.9%	13.6%
	8.9%	10.0%
	11.0%	4.7%
	15.9%	12.2%

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