Zip 56075 (Northrop, MN) Housing

The housing market in 56075 Northrop, MN is booming! The median housing value there is $100,000, which is significantly lower than the US median value of $338,100. Over the last year, house appreciation has grown 11.33%, which is higher than the US's 8.27%. Clearly the housing market in Northrop is strong and definitely worth some investment consideration.

The median home cost in Northrop (zip 56075) is $100,000. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Northrop (zip 56075) is up 11.6%.

Average Age of Homes

- The median age of Northrop (zip 56075) real estate is 63 years old

The Rental Market in Northrop (zip 56075)

- Renters make up 11.1% of the Northrop (zip 56075) population
- 0.0% of houses and apartments in Northrop (zip 56075), 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	Northrop, Minnesota	United States
	78.0	139,647,020.0
	66	42
	$100,000	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.42	$10.98
	$904	$2,690
	76.9%	57.4%
	6.4%	11.2%
	16.7%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.3%	0.7%
	0.0%	0.4%
	5.1%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	5.0%	2.4%
	33.3%	2.8%
	13.3%	3.9%
	30.0%	4.5%
	13.3%	11.3%
	3.3%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	1.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.0%	13.6%
	0.0%	13.6%
	0.0%	13.6%
	3.8%	13.2%
	12.8%	14.8%
	0.0%	13.6%
	41.0%	10.0%
	9.0%	4.7%
	21.8%	12.2%

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