Housing in 55370 Plato, MN is relatively more affordable than the US median housing value of $338,100. The median home value in 55370 Plato, MN is $294,900, which is 12.6% lower than the national median. In the past year, homes appreciated 6.82%, which is 1.45% lower than the 8.27% appreciation rate seen nationally. This suggests that for those interested in buying a home in this area, now may be a good time to do so as prices are not rising too quickly yet still remain relatively affordable compared to other areas of the country.
The median home cost in Plato (zip 55370) is $294,900. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Plato (zip 55370) is up 11.0%.
Average Age of Homes
- The median age of Plato (zip 55370) real estate is 68 years old
The Rental Market in Plato (zip 55370)
- Renters make up 5.6% of the Plato (zip 55370) population
- 1.6% of houses and apartments in Plato (zip 55370), 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.