The housing market in Lake of the Woods, AZ is strong. The median value of housing in the area is $185,200, which is significantly lower than the national median value of $338,100. Despite this difference, the 1 year house appreciation rate for Lake of the Woods is a substantial 14.29%, much higher than the 8.27% average appreciation rate across the US. This data indicates that Lake of the Woods offers good opportunities for real estate investment and growth potential.
The median home cost in Lake of the Woods is $185,200. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Lake of the Woods is up 18.9%.
Average Age of Homes
- The median age of Lake of the Woods real estate is 35 years old
The Rental Market in Lake of the Woods
- Renters make up 15.5% of the Lake of the Woods population
- 1.1% of houses and apartments in Lake of the Woods, 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.