Housing in 55047 Scandia, MN is more expensive than the US median value, with a median value of $546,000. While the US median house appreciated 8.27% in one year, housing in 55047 Scandia experienced a slower rate of appreciation at 6.66%. Despite this lower appreciation rate, housing prices still remain higher in Scandia than other parts of the country. Given its close proximity to Minneapolis and Saint Paul there is a steady demand for living in this area which helps to maintain higher prices.
The median home cost in Scandia (zip 55047) is $546,000. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Scandia (zip 55047) is up 12.2%.
Average Age of Homes
- The median age of Scandia (zip 55047) real estate is 43 years old
The Rental Market in Scandia (zip 55047)
- Renters make up 7.1% of the Scandia (zip 55047) population
- 0.0% of houses and apartments in Scandia (zip 55047), 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.