The housing market in Spirit Lake, ID is thriving. The median value of a home in Spirit Lake is $516,600, which is substantially higher than the national median housing value of $338,100. Furthermore, during the last year the house appreciation rate in Spirit Lake was 8.90%, which was higher than the national house appreciation rate of 8.27%. This indicates that the housing market in Spirit Lake is strong and rising in value.
The median home cost in Spirit Lake is $516,600. Home appreciation the last 10 years has been 181.9%. Home Appreciation in Spirit Lake is up 15.8%.
Average Age of Homes
- The median age of Spirit Lake real estate is 26 years old
The Rental Market in Spirit Lake
- Renters make up 23.4% of the Spirit Lake population
- 1.3% of houses and apartments in Spirit 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.