The housing market in Northfield, MN (zip code 55057) is slightly below the median value for the United States overall. The median value for housing in Northfield is $334,500, while the US median house value is $338,100. In terms of appreciation over the last year, houses in Northfield have seen a 6.66% increase in value compared to an 8.27% rise across the country as a whole. Despite this difference, Northfield remains a desirable place to live with its picturesque surroundings and close proximity to Minneapolis and St. Paul.
The median home cost in Northfield (zip 55057) is $334,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Northfield (zip 55057) is up 12.2%.
Average Age of Homes
- The median age of Northfield (zip 55057) real estate is 36 years old
The Rental Market in Northfield (zip 55057)
- Renters make up 24.1% of the Northfield (zip 55057) population
- 0.7% of houses and apartments in Northfield (zip 55057), 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.