Zip 56661 (Northome, MN) Housing

In Northome, MN (56661), the median house value is $161,900. This is significantly lower than the US median house value of $338,100. However, Northome’s 1 year house appreciation rate is 15.27%, which is much higher than the US 1 year appreciation rate of 8.27%. It appears that housing in Northome has a great potential for growth and can be an attractive investment opportunity for potential buyers.

The median home cost in Northome (zip 56661) is $161,900. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Northome (zip 56661) is up 19.7%.

Average Age of Homes

- The median age of Northome (zip 56661) real estate is 41 years old

The Rental Market in Northome (zip 56661)

- Renters make up 6.5% of the Northome (zip 56661) population
- 0.4% of houses and apartments in Northome (zip 56661), 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	Northome, Minnesota	United States
	706.0	139,647,020.0
	48	42
	$161,900	$338,100
	19.7%	16.6%
	58.3%	57.0%
	68.4%	101.1%
	$6.31	$10.98
	$789	$2,690
	50.4%	57.4%
	43.1%	11.2%
	6.5%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.1%	0.4%
	36.7%	3.6%
	5.8%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	4.2%	2.4%
	7.6%	2.8%
	16.3%	3.9%
	10.1%	4.5%
	12.4%	11.3%
	24.2%	13.0%
	14.3%	20.1%
	6.5%	13.6%
	1.4%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	14.0%	13.6%
	11.2%	13.2%
	12.5%	14.8%
	14.0%	13.6%
	8.2%	10.0%
	7.1%	4.7%
	22.1%	12.2%

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