The housing market in New Munich, MN (56356) is experiencing a steady appreciation with the median value at $182,500. This is significantly lower than the US median value of $338,100. However, the area has seen a 1 year appreciation rate of 7.75%, which is slightly lower than the US 1 year appreciation rate of 8.27%. Those looking to buy or invest in this area can take comfort in knowing that their investment is likely to appreciate over time.
The median home cost in New Munich (zip 56356) is $182,500. Home appreciation the last 10 years has been 77.8%. Home Appreciation in New Munich (zip 56356) is up 13.6%.
Average Age of Homes
- The median age of New Munich (zip 56356) real estate is 52 years old
The Rental Market in New Munich (zip 56356)
- Renters make up 16.4% of the New Munich (zip 56356) population
- 0.0% of houses and apartments in New Munich (zip 56356), 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.