Lenwood, CA is a desirable place to live due to its affordability in comparison with other parts of the United States. The median value for housing in Lenwood is $125,900, while the US median value is $338,100. This represents a significant cost savings for prospective homebuyers in Lenwood. Not only is the cost of buying a house lower in Lenwood than elsewhere, but it has also seen a higher rate of appreciation over the past year at 10.27%, compared to 8.27% nationally. This makes Lenwood an excellent option for those looking for both short-term and long-term investments when it comes to housing.
The median home cost in Lenwood is $125,900. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Lenwood is up 16.6%.
Average Age of Homes
- The median age of Lenwood real estate is 54 years old
The Rental Market in Lenwood
- Renters make up 43.7% of the Lenwood population
- 1.6% of houses and apartments in Lenwood, 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.