Zip 55089 (Welch, MN) Housing

The housing median value in Welch, MN (55089) is $413,500, which is higher than the US median value of $338,100. Over the past year, the US housing appreciation rate has been 8.27%, while that of Welch has been 6.66%. This shows that Welch's housing market is slightly slower rising than the national average. As a result, homes in Welch tend to remain relatively affordable compared to other areas in the country.

The median home cost in Welch (zip 55089) is $413,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Welch (zip 55089) is up 12.2%.

Average Age of Homes

- The median age of Welch (zip 55089) real estate is 38 years old

The Rental Market in Welch (zip 55089)

- Renters make up 4.4% of the Welch (zip 55089) population
- 0.0% of houses and apartments in Welch (zip 55089), 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	Welch, Minnesota	United States
	669.0	139,647,020.0
	39	42
	$413,500	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$8.33	$10.98
	$2,579	$2,690
	82.5%	57.4%
	8.7%	11.2%
	8.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	1.2%	0.4%
	3.3%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	2.5%	2.4%
	1.1%	2.8%
	4.3%	3.9%
	1.8%	4.5%
	4.5%	11.3%
	7.8%	13.0%
	22.3%	20.1%
	26.1%	13.6%
	13.9%	8.3%
	7.4%	9.7%
	2.5%	3.9%
	1.4%	2.2%
	0.7%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.9%	13.6%
	14.9%	13.6%
	14.6%	13.6%
	13.5%	13.2%
	19.4%	14.8%
	14.6%	13.6%
	1.8%	10.0%
	0.3%	4.7%
	21.1%	12.2%

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