The housing in Shafer, MN (55074) is quite reasonable compared to the median value of houses in the US. The median value of a house in Shafer is $313,300 while the median value of a house in the US is $338,100. This means that homes in Shafer are relatively more affordable than those across the country. In addition, over the past year, home values have appreciated by 6.66% in Shafer while they have appreciated by 8.27% throughout the US. This suggests that homes in Shafer may be increasing in value at a slower rate than those elsewhere but still present an excellent opportunity for potential buyers looking for an affordable place to live near Minneapolis and St Paul.
The median home cost in Shafer (zip 55074) is $313,300. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Shafer (zip 55074) is up 12.2%.
Average Age of Homes
- The median age of Shafer (zip 55074) real estate is 25 years old
The Rental Market in Shafer (zip 55074)
- Renters make up 10.6% of the Shafer (zip 55074) population
- 0.0% of houses and apartments in Shafer (zip 55074), 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.