The housing market in Menno, SD (57045) is currently performing above the national average. The median value of a home in Menno is $105,400, which is significantly lower than the US median value of $338,100. In the last year, house appreciation in Menno has been 12.74%, far exceeding the US 1-year house appreciation rate of 8.27%. This indicates a strong housing market in Menno and suggests that homeowners and potential buyers would benefit from investing in real estate in this area.
The median home cost in Menno (zip 57045) is $105,400. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Menno (zip 57045) is up 18.1%.
Average Age of Homes
- The median age of Menno (zip 57045) real estate is 60 years old
The Rental Market in Menno (zip 57045)
- Renters make up 12.9% of the Menno (zip 57045) population
- 1.2% of houses and apartments in Menno (zip 57045), 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.