Menno, PA is an attractive place to buy a home due to its relatively affordable median value of $260,000, which is quite lower than the US House Median Value of $338,100. Furthermore, Menno has been experiencing higher appreciation rates in recent years compared to the US average. According to data from 2019-2020, the house appreciation rate in Menno was 12.41%, while the US 1 year House Appreciation rate was 8.27%. These higher appreciation rates make investing in a home in Menno especially attractive for those looking to make a financial return on their investment.
The median home cost in Menno is $260,000. Home appreciation the last 10 years has been 56.4%. Home Appreciation in Menno is up 14.0%.
Average Age of Homes
- The median age of Menno real estate is 46 years old
The Rental Market in Menno
- Renters make up 21.4% of the Menno population
- 2.9% of houses and apartments in Menno, 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.