Wakefield, MN Housing

The housing market in Wakefield, MN is strong and growing. The median value of homes in the area is $480,400, which is significantly higher than the US median value of $338,100. Over the past year, the overall appreciation for homes in the US was 8.27%, while in Wakefield, MN that figure was 7.75%. This indicates a continued steady rise in housing prices over time and signals a healthy real estate market for buyers and sellers alike.

The median home cost in Wakefield is $480,400. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Wakefield is up 13.6%.

Average Age of Homes

- The median age of Wakefield real estate is 35 years old

The Rental Market in Wakefield

- Renters make up 2.5% of the Wakefield population
- 0.0% of houses and apartments in Wakefield, 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	Wakefield, Minnesota	United States
	1,196.0	139,647,020.0
	39	42
	$480,400	$338,100
	13.6%	16.6%
	50.2%	57.0%
	77.8%	101.1%
	$9.04	$10.98
	$3,039	$2,690
	80.3%	57.4%
	18.2%	11.2%
	1.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	16.2%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.9%	2.4%
	0.0%	2.8%
	0.4%	3.9%
	0.7%	4.5%
	8.9%	11.3%
	7.2%	13.0%
	23.0%	20.1%
	22.0%	13.6%
	15.4%	8.3%
	15.9%	9.7%
	3.2%	3.9%
	1.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.5%	13.6%
	12.5%	13.6%
	22.7%	13.6%
	11.9%	13.2%
	16.6%	14.8%
	22.7%	13.6%
	10.3%	10.0%
	0.7%	4.7%
	5.6%	12.2%

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