Zip 56387 (Waite Park, MN) Housing

The housing market in 56387 Waite Park, MN is strong with a median value of $209,100. This is significantly lower than the US house median value of $338,100 and reflects the fact that Waite Park is an area with a lower cost of living. However, the 1 year appreciation rate for houses in this area is still good at 7.75%, only slightly below the nationwide rate of 8.27%. This suggests that homes in the Waite Park area are still increasing in value at a steady pace.

The median home cost in Waite Park (zip 56387) is $209,100. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Waite Park (zip 56387) is up 13.6%.

Average Age of Homes

- The median age of Waite Park (zip 56387) real estate is 31 years old

The Rental Market in Waite Park (zip 56387)

- Renters make up 56.1% of the Waite Park (zip 56387) population
- 1.1% of houses and apartments in Waite Park (zip 56387), 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	Waite Park, Minnesota	United States
	3,611.0	139,647,020.0
	31	42
	$209,100	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$13.36	$10.98
	$2,539	$2,690
	38.4%	57.4%
	2.7%	11.2%
	59.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	0.0%	2.4%
	1.0%	2.8%
	1.7%	3.9%
	1.8%	4.5%
	12.9%	11.3%
	36.4%	13.0%
	24.2%	20.1%
	7.2%	13.6%
	3.3%	8.3%
	6.9%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.4%	13.6%
	15.4%	13.6%
	20.3%	13.6%
	24.7%	13.2%
	9.8%	14.8%
	20.3%	13.6%
	5.0%	10.0%
	1.7%	4.7%
	3.5%	12.2%

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