The housing market in Sandstone, MN (55072) is currently thriving with a median value of $216,500. That's significantly less than the US median value of $338,100. However, it still managed to appreciate more over the last year than the US overall at 6.66% compared to 8.27%. This strong appreciation rate is likely due to Sandstone's close proximity to popular cities like Duluth and Minneapolis. With their many attractions and amenities, people have been willing to invest in the area which has caused prices to rise quickly. Despite its lower median value compared to nationwide averages, Sandstone's market looks very promising for buyers and sellers alike!
The median home cost in Sandstone (zip 55072) is $216,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Sandstone (zip 55072) is up 12.2%.
Average Age of Homes
- The median age of Sandstone (zip 55072) real estate is 35 years old
The Rental Market in Sandstone (zip 55072)
- Renters make up 19.0% of the Sandstone (zip 55072) population
- 0.8% of houses and apartments in Sandstone (zip 55072), 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.