Northfield, MN

Population: 20,581
Average annual home appreciation rate: 4.98%
Total of homes for sale in this market: 20
Median home price: $204,624
Median Rent: $743 per room
Home price range: 40.54% of homes are between $102,001 – $204,000
Median sales price: $195,000
Number of homes: 20
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 53.01% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.70
Number of renters: 51.31%
Number of owner occupied: 48.69%
Number people living below poverty level: 10.00%
Unemployment rate: 3.80%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Northfield area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *