Zip 55053 (Nerstrand, MN) Housing

The housing market in 55053 Nerstrand, MN is performing well compared to the US housing market. The Median Value of homes in 55053 Nerstrand is currently $364,700, which is 8% higher than the US Median Value of $338,100. While the nationwide 1 year House Appreciation has been 8.27%, the 1 year appreciation rate for 55053 Nerstrand is 6.66%. This indicates that despite lower than US average appreciation rate, the housing in 55053 Nerstrand has kept its value and continued to increase over time.

The median home cost in Nerstrand (zip 55053) is $364,700. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Nerstrand (zip 55053) is up 12.2%.

Average Age of Homes

- The median age of Nerstrand (zip 55053) real estate is 56 years old

The Rental Market in Nerstrand (zip 55053)

- Renters make up 3.2% of the Nerstrand (zip 55053) population
- 1.1% of houses and apartments in Nerstrand (zip 55053), 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	Nerstrand, Minnesota	United States
	352.0	139,647,020.0
	60	42
	$364,700	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$10.71	$10.98
	$2,089	$2,690
	88.9%	57.4%
	2.6%	11.2%
	8.5%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.4%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.3%	3.9%
	4.2%	4.5%
	10.5%	11.3%
	19.2%	13.0%
	23.3%	20.1%
	19.2%	13.6%
	8.9%	8.3%
	6.7%	9.7%
	5.4%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	16.2%	13.6%
	2.3%	13.2%
	13.9%	14.8%
	16.2%	13.6%
	2.6%	10.0%
	6.0%	4.7%
	41.2%	12.2%

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