Zip 56265 (Montevideo, MN) Housing

The housing market in 56265 Montevideo, MN is significantly more affordable than the national average. The median value of a house in Montevideo is $163,800 compared to a national median value of $338,100. Additionally, housing appreciation in the last year has been 13.39% in Montevideo versus 8.27% nationally; this indicates that investing in Montevideo real estate could be an attractive option for potential homeowners.

The median home cost in Montevideo (zip 56265) is $163,800. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Montevideo (zip 56265) is up 12.6%.

Average Age of Homes

- The median age of Montevideo (zip 56265) real estate is 57 years old

The Rental Market in Montevideo (zip 56265)

- Renters make up 24.4% of the Montevideo (zip 56265) population
- 0.0% of houses and apartments in Montevideo (zip 56265), 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	Montevideo, Minnesota	United States
	3,373.0	139,647,020.0
	63	42
	$163,800	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$11.06	$10.98
	$1,341	$2,690
	65.2%	57.4%
	6.0%	11.2%
	28.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	6.9%	2.4%
	4.6%	2.8%
	14.6%	3.9%
	10.2%	4.5%
	27.7%	11.3%
	12.2%	13.0%
	12.1%	20.1%
	6.5%	13.6%
	2.4%	8.3%
	1.5%	9.7%
	0.5%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	7.5%	13.6%
	4.9%	13.2%
	18.6%	14.8%
	7.5%	13.6%
	18.6%	10.0%
	9.1%	4.7%
	25.2%	12.2%

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