Zip 55974 (Spring Grove, MN) Housing

The median value of housing in 55974 Spring Grove, MN is $200,400, which is much lower than the US House Median Value of $338,100. Although the house appreciation in 55974 Spring Grove, MN over the past year was 6.78%, which is lower than the US 1 year House Appreciation of 8.27%, it is still a positive trend for homeowners in this area. With a median value much lower than the U.S., buyers here will be able to obtain more house for their money and enjoy a strong rate of appreciation over time.

The median home cost in Spring Grove (zip 55974) is $200,400. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Spring Grove (zip 55974) is up 11.4%.

Average Age of Homes

- The median age of Spring Grove (zip 55974) real estate is 66 years old

The Rental Market in Spring Grove (zip 55974)

- Renters make up 21.0% of the Spring Grove (zip 55974) population
- 1.5% of houses and apartments in Spring Grove (zip 55974), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spring Grove, Minnesota	United States
	1,064.0	139,647,020.0
	68	42
	$200,400	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$11.14	$10.98
	$1,641	$2,690
	68.6%	57.4%
	9.0%	11.2%
	22.4%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	2.5%	0.4%
	3.8%	3.6%
	0.6%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	0.5%	2.4%
	4.4%	2.8%
	8.2%	3.9%
	15.2%	4.5%
	19.6%	11.3%
	19.6%	13.0%
	11.6%	20.1%
	2.6%	13.6%
	2.6%	8.3%
	8.2%	9.7%
	0.4%	3.9%
	3.8%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	5.3%	13.6%
	6.6%	13.2%
	8.4%	14.8%
	5.3%	13.6%
	6.3%	10.0%
	6.7%	4.7%
	41.2%	12.2%

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