The housing in Peterson, MN (55962) is well priced and stable with a median value of $270,600. This amount is slightly lower than the US House Median Value ($338,100), but the appreciation rate of 6.78% over one year is still healthy. It is slightly lower than the US average annual appreciation rate of 8.27%, however this indicates that housing prices in Peterson are still manageable for prospective buyers without fearing rapid price hikes. The town offers a comfortable living with an easy commute to larger cities such as Minneapolis and St Paul.
The median home cost in Peterson (zip 55962) is $270,600. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Peterson (zip 55962) is up 11.4%.
Average Age of Homes
- The median age of Peterson (zip 55962) real estate is 62 years old
The Rental Market in Peterson (zip 55962)
- Renters make up 13.1% of the Peterson (zip 55962) population
- 0.0% of houses and apartments in Peterson (zip 55962), 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.