Zip 55356 (Orono, MN) Housing

Orono, MN is an affluent area with a median house value of $661,500. Compared to the US median housing value of $338,100, Orono’s housing market has seen a remarkable appreciation in value. The US 1 year house appreciation rate is 8.27%, while the rate for Orono is 6.82%. This means that over the past year Orono real estate prices have risen more slowly than the national average but still show promising signs of growth. Given the high median house value in Orono, it looks like it will remain an attractive and thriving real estate market for years to come.

The median home cost in Orono (zip 55356) is $661,500. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Orono (zip 55356) is up 11.0%.

Average Age of Homes

- The median age of Orono (zip 55356) real estate is 36 years old

The Rental Market in Orono (zip 55356)

- Renters make up 18.2% of the Orono (zip 55356) population
- 0.4% of houses and apartments in Orono (zip 55356), 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	Orono, Minnesota	United States
	2,240.0	139,647,020.0
	39	42
	$661,500	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.76	$10.98
	$6,550	$2,690
	85.0%	57.4%
	3.1%	11.2%
	11.9%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.3%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.2%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.2%	11.3%
	1.3%	13.0%
	10.0%	20.1%
	20.4%	13.6%
	14.6%	8.3%
	14.9%	9.7%
	19.9%	3.9%
	10.8%	2.2%
	4.0%	0.8%
	3.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	13.3%	13.6%
	24.8%	13.2%
	15.6%	14.8%
	13.3%	13.6%
	6.0%	10.0%
	3.8%	4.7%
	8.5%	12.2%

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