Housing in 56465 Merrifield, MN is quite expensive compared to the US median value of $338,100. The median home value in 56465 Merrifield comes in at an impressive $376,000. Not only is this higher than the US median value but it has also seen an even higher appreciation rate of 12.38%, increasing its value further. This is almost four percentage points higher than the average US house appreciation rate of 8.27%. This data suggests that housing in 56465 Merrifield is a much sought-after commodity due to its high values and rapid appreciation rate.
The median home cost in Merrifield (zip 56465) is $376,000. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Merrifield (zip 56465) is up 20.4%.
Average Age of Homes
- The median age of Merrifield (zip 56465) real estate is 36 years old
The Rental Market in Merrifield (zip 56465)
- Renters make up 5.3% of the Merrifield (zip 56465) population
- 0.0% of houses and apartments in Merrifield (zip 56465), 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.