The housing market in 55366 New Auburn, MN is slightly lower than the national average. The median house value in 55366 is $109,400 compared to the US median of $338,100. Additionally, while the US has seen an 8.27% appreciation in house prices over the past year, New Auburn experienced a more modest 6.82% increase. As such, buyers looking for a good deal should keep an eye out for houses on the market in this area as they may be able to find great value with lower than average prices or higher than average appreciation rates.
The median home cost in New Auburn (zip 55366) is $109,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in New Auburn (zip 55366) is up 11.0%.
Average Age of Homes
- The median age of New Auburn (zip 55366) real estate is 54 years old
The Rental Market in New Auburn (zip 55366)
- Renters make up 13.1% of the New Auburn (zip 55366) population
- 1.7% of houses and apartments in New Auburn (zip 55366), 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.