The housing market in Medina, ND is quite affordable with the median value of homes at $79,900. This is considerably lower than the US median value which is currently at $338,100. The appreciation rate for homes in Medina has been strong over the last year at 9.41%, outpacing the national 1 year appreciation rate of 8.27%. This makes Medina a great place to invest and purchase a home due to its affordability and increasing value.
The median home cost in Medina is $79,900. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Medina is up 10.5%.
Average Age of Homes
- The median age of Medina real estate is 52 years old
The Rental Market in Medina
- Renters make up 15.3% of the Medina population
- 0.6% of houses and apartments in Medina, 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.