Zip 56263 (Milroy, MN) Housing

The city of Milroy, MN, which has a zip code of 56263, has seen an impressive rise in median housing values over the past year. The housing median value in this area is currently $98,600 which is much lower than the US House Median Value of $338,100. However, the US only saw an appreciation rate of 8.27%, while Milroy experienced a 13.39% appreciation rate for its housing in one year's time - a 5 percent increase! This indicates that Milroy is experiencing a strong market and is likely to see continued growth in the future.

The median home cost in Milroy (zip 56263) is $98,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Milroy (zip 56263) is up 12.6%.

Average Age of Homes

- The median age of Milroy (zip 56263) real estate is 62 years old

The Rental Market in Milroy (zip 56263)

- Renters make up 15.2% of the Milroy (zip 56263) population
- 1.3% of houses and apartments in Milroy (zip 56263), 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	Milroy, Minnesota	United States
	231.0	139,647,020.0
	66	42
	$98,600	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$10.10	$10.98
	$1,507	$2,690
	71.9%	57.4%
	16.9%	11.2%
	11.3%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	3.5%	0.4%
	0.4%	3.6%
	11.7%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	1.2%	2.4%
	6.6%	2.8%
	13.9%	3.9%
	9.0%	4.5%
	17.5%	11.3%
	12.0%	13.0%
	16.3%	20.1%
	13.9%	13.6%
	3.0%	8.3%
	6.0%	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%
	6.5%	13.6%
	6.5%	13.6%
	5.2%	13.6%
	9.5%	13.2%
	11.3%	14.8%
	5.2%	13.6%
	16.0%	10.0%
	2.2%	4.7%
	39.8%	12.2%

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