Housing in 56482 Wadena, MN is a great investment. The median value of housing in the area is $166,500, which is much lower than the US House Median Value of $338,100. This affordability makes it easier for potential buyers to purchase a home. Furthermore, over the past year the appreciation rate for housing in Wadena was 12.38%, significantly more than the overall US 1 year house appreciation rate of 8.27%. Therefore, investing in this area's housing market could be beneficial for buyers looking for an affordable place to live or to invest their money with potential long-term benefits from appreciation rates.
The median home cost in Wadena (zip 56482) is $166,500. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Wadena (zip 56482) is up 20.4%.
Average Age of Homes
- The median age of Wadena (zip 56482) real estate is 49 years old
The Rental Market in Wadena (zip 56482)
- Renters make up 27.4% of the Wadena (zip 56482) population
- 5.4% of houses and apartments in Wadena (zip 56482), 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.