Zip 56162 (Ormsby, MN) Housing

The housing market in Ormsby, MN (56162) is thriving. The median value of homes in the area is $206,700 and has appreciated 9.54% in the past year alone. This is significantly higher than the US median value of $338,100 and the US 1 year appreciation of 8.27%. As such, Ormsby is a great place to invest in real estate and can provide a good return on investment for homeowners.

The median home cost in Ormsby (zip 56162) is $206,700. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Ormsby (zip 56162) is up 14.7%.

Average Age of Homes

- The median age of Ormsby (zip 56162) real estate is 65 years old

The Rental Market in Ormsby (zip 56162)

- Renters make up 1.4% of the Ormsby (zip 56162) population
- 0.0% of houses and apartments in Ormsby (zip 56162), 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	Ormsby, Minnesota	United States
	140.0	139,647,020.0
	70	42
	$206,700	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$10.42	$10.98
	$1,068	$2,690
	70.0%	57.4%
	27.9%	11.2%
	2.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	6.4%	0.4%
	0.0%	3.6%
	21.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	7.1%	2.4%
	19.4%	2.8%
	14.3%	3.9%
	21.4%	4.5%
	8.2%	11.3%
	12.2%	13.0%
	10.2%	20.1%
	0.0%	13.6%
	2.0%	8.3%
	3.1%	9.7%
	0.0%	3.9%
	2.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.7%	13.6%
	0.7%	13.6%
	0.0%	13.6%
	4.3%	13.2%
	7.1%	14.8%
	0.0%	13.6%
	22.1%	10.0%
	15.0%	4.7%
	32.1%	12.2%

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