The housing market in Orr, MN (55771) is thriving. The median value of housing in this area is $177,800, which is substantially lower than the US median value of $338,100. Although the US house appreciation rate for this year stands at 8.27%, the appreciation rate for housing in Orr is an impressive 13.08%. This indicates that the market has been performing well and is a great option for people looking to invest in real estate.
The median home cost in Orr (zip 55771) is $177,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Orr (zip 55771) is up 13.2%.
Average Age of Homes
- The median age of Orr (zip 55771) real estate is 40 years old
The Rental Market in Orr (zip 55771)
- Renters make up 9.3% of the Orr (zip 55771) population
- 2.3% of houses and apartments in Orr (zip 55771), 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.