Housing in 55797 Wrenshall, MN is on the rise! The median value of a house in this area is $246,800 which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation in 55797 Wrenshall is 13.08%, higher than the US average of 8.27%. This means that housing values are increasing at a faster rate here than across the US as a whole. It's an exciting time for potential buyers and investors alike as they can take advantage of this trend and get into an affordable market before prices rise too much further.
The median home cost in Wrenshall (zip 55797) is $246,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Wrenshall (zip 55797) is up 13.2%.
Average Age of Homes
- The median age of Wrenshall (zip 55797) real estate is 34 years old
The Rental Market in Wrenshall (zip 55797)
- Renters make up 5.9% of the Wrenshall (zip 55797) population
- 0.8% of houses and apartments in Wrenshall (zip 55797), 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.