The housing market in 56360 Osakis, MN is quite attractive for both buyers and sellers. The median value of homes in the area is $248,000, which is significantly lower than the US house median value of $338,100. Despite this lower value, home appreciation has been strong in the area over the past year with an increase of 7.75%, just slightly lagging behind the US average of 8.27%. This makes Osakis an attractive place for people looking to invest in real estate or purchase a home at a reasonable price with potential visibility for appreciation.
The median home cost in Osakis (zip 56360) is $248,000. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Osakis (zip 56360) is up 13.6%.
Average Age of Homes
- The median age of Osakis (zip 56360) real estate is 41 years old
The Rental Market in Osakis (zip 56360)
- Renters make up 12.7% of the Osakis (zip 56360) population
- 0.4% of houses and apartments in Osakis (zip 56360), 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.