Zip 56362 (Paynesville, MN) Housing

The housing market in 56362 Paynesville, MN is quite vibrant. The median value of a house in the area is $259,800, which is lower than the US average of $338,100. Even though this is a lower value than the national average, houses in this area have still appreciated over the past year by 7.75%, slightly below the US average of 8.27%. This suggests that 56362 Paynesville offers potential buyers an affordable alternative to more expensive housing markets while still offering good returns on any investments made.

The median home cost in Paynesville (zip 56362) is $259,800. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Paynesville (zip 56362) is up 13.6%.

Average Age of Homes

- The median age of Paynesville (zip 56362) real estate is 43 years old

The Rental Market in Paynesville (zip 56362)

- Renters make up 14.6% of the Paynesville (zip 56362) population
- 0.5% of houses and apartments in Paynesville (zip 56362), 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	Paynesville, Minnesota	United States
	2,839.0	139,647,020.0
	46	42
	$259,800	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$8.45	$10.98
	$1,786	$2,690
	62.9%	57.4%
	23.6%	11.2%
	13.4%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	0.0%	0.4%
	19.9%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.2%	2.4%
	0.6%	2.8%
	3.9%	3.9%
	6.0%	4.5%
	17.1%	11.3%
	17.5%	13.0%
	26.9%	20.1%
	11.7%	13.6%
	6.8%	8.3%
	4.2%	9.7%
	1.9%	3.9%
	1.0%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.9%	13.6%
	13.9%	13.6%
	10.4%	13.6%
	9.9%	13.2%
	19.3%	14.8%
	10.4%	13.6%
	7.8%	10.0%
	5.4%	4.7%
	17.1%	12.2%

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