The housing market in 56663 Pennington, MN is booming! The median value of homes here is $186,600 which is substantially lower than the US median value of $338,100. This proves to be a great advantage for all home buyers looking at this area to invest and settle down. Furthermore, the appreciation rate of homes here is 15.27%, significantly higher than the national average of 8.27%. This suggests that any investments made now in this location will yield good returns in the near future. All in all, 56663 Pennington, MN is an attractive housing option for many seeking affordable and appreciating housing options.
The median home cost in Pennington (zip 56663) is $186,600. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Pennington (zip 56663) is up 19.7%.
Average Age of Homes
- The median age of Pennington (zip 56663) real estate is 38 years old
The Rental Market in Pennington (zip 56663)
- Renters make up 0.0% of the Pennington (zip 56663) population
- 0.0% of houses and apartments in Pennington (zip 56663), 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.