Cedar Lake, IN is a great place for anyone looking to buy a home. With a median value of $289,400, the housing market in Cedar Lake is significantly lower than the US median house value of $338,100. The appreciation rate of homes in Cedar Lake has also seen an increase of 9.67% over the past year while the US median house appreciation rate was 8.27%. This shows that the housing market in Cedar Lake is on the rise and could prove to be a favorable investment for potential homeowners.
The median home cost in Cedar Lake is $289,400. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Cedar Lake is up 14.2%.
Average Age of Homes
- The median age of Cedar Lake real estate is 42 years old
The Rental Market in Cedar Lake
- Renters make up 16.8% of the Cedar Lake population
- 2.0% of houses and apartments in Cedar Lake, 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.