Housing in 56550 Hendrum, MN is more affordable than the US median value of $338,100, with a median value of $151,100. Similarly to the US appreciation rate of 8.27%, the 1 year house appreciation rate in 56550 Hendrum, MN is 8.21%. This means that if you buy a property in this area now and hold onto it for a year or more, you are likely to see an increase in the value of your home over time.
The median home cost in Hendrum (zip 56550) is $151,100. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Hendrum (zip 56550) is up 13.6%.
Average Age of Homes
- The median age of Hendrum (zip 56550) real estate is 64 years old
The Rental Market in Hendrum (zip 56550)
- Renters make up 4.3% of the Hendrum (zip 56550) population
- 3.6% of houses and apartments in Hendrum (zip 56550), 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.