The housing market in 55120 Mendota Heights, MN is a strong one. The median value of housing in the city is $445,900, which is higher than the US median of $338,100. The US has seen an 8.27% appreciation in its house values over the last year, while houses in 55120 Mendota Heights have seen only 4.70% appreciation in that same time period. Despite this slower growth rate, it indicates that the housing market in the area remains relatively stable and perhaps even immune to some of the broader economic swings that can cause drastic fluctuations in home prices across the country.
The median home cost in Mendota Heights (zip 55120) is $445,900. Home appreciation the last 10 years has been 85.8%. Home Appreciation in Mendota Heights (zip 55120) is up 9.2%.
Average Age of Homes
- The median age of Mendota Heights (zip 55120) real estate is 30 years old
The Rental Market in Mendota Heights (zip 55120)
- Renters make up 17.2% of the Mendota Heights (zip 55120) population
- 0.0% of houses and apartments in Mendota Heights (zip 55120), 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.