The housing market in St. Louis Park, MN 55416 is currently doing well. The median value of a home in this area is $389,800, which is higher than the US median house value of $338,100. Over the last year, the appreciation rate for homes in this area was 4.79%, lower than the country-wide appreciation rate of 8.27%. With a lower appreciation rate and still higher median price than the national average, this area offers good stability and an attractive prospect for prospective buyers looking to invest in real estate.
The median home cost in St. Louis Park (zip 55416) is $389,800. Home appreciation the last 10 years has been 89.0%. Home Appreciation in St. Louis Park (zip 55416) is up 7.1%.
Average Age of Homes
- The median age of St. Louis Park (zip 55416) real estate is 51 years old
The Rental Market in St. Louis Park (zip 55416)
- Renters make up 41.8% of the St. Louis Park (zip 55416) population
- 2.7% of houses and apartments in St. Louis Park (zip 55416), 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.