The housing market in Proctor, MN is significantly higher than the national average. The median value of a house in Proctor is $212,200, while the US median value is $338,100. Additionally, the US one year house appreciation rate is 8.27%, while Proctor has seen an even larger increase of 10.54% in the same time period. This indicates that the housing market in Proctor is both more expensive than average, and growing rapidly. This makes it a desirable location for those looking to invest in real estate or purchase a new home.
The median home cost in Proctor is $212,200. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Proctor is up 14.7%.
Average Age of Homes
- The median age of Proctor real estate is 56 years old
The Rental Market in Proctor
- Renters make up 26.3% of the Proctor population
- 1.9% of houses and apartments in Proctor, 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.