Zip 56181 (Welcome, MN) Housing

Welcome, MN, is a great place to buy a home. The median value of housing in Welcome is $168,500, which is significantly lower than the US median house value of $338,100. Despite this difference, the one-year appreciation rate for housing in Welcome is 9.54%, higher than the US appreciation rate of 8.27%. This makes buying a home in Welcome an attractive and affordable option for potential homeowners.

The median home cost in Welcome (zip 56181) is $168,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Welcome (zip 56181) is up 14.7%.

Average Age of Homes

- The median age of Welcome (zip 56181) real estate is 69 years old

The Rental Market in Welcome (zip 56181)

- Renters make up 10.9% of the Welcome (zip 56181) population
- 0.8% of houses and apartments in Welcome (zip 56181), 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	Welcome, Minnesota	United States
	614.0	139,647,020.0
	71	42
	$168,500	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$10.42	$10.98
	$1,248	$2,690
	73.0%	57.4%
	16.0%	11.2%
	11.1%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	4.7%	3.6%
	9.4%	4.1%
Value of Owner-Occupied Housing
	5.1%	2.6%
	2.5%	2.4%
	14.5%	2.8%
	15.0%	3.9%
	15.2%	4.5%
	16.1%	11.3%
	7.6%	13.0%
	12.3%	20.1%
	3.1%	13.6%
	1.3%	8.3%
	7.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.4%	13.6%
	6.4%	13.6%
	9.4%	13.6%
	4.7%	13.2%
	12.2%	14.8%
	9.4%	13.6%
	10.3%	10.0%
	9.9%	4.7%
	39.7%	12.2%

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