Bay Lake, MN is a thriving town with housing values on the rise. The median value of housing in Bay Lake is $415,900, which is higher than the U.S. median value of $338,100. Additionally, the 1-year appreciation rate of homes in Bay Lake is 12.38%, significantly higher than the U.S. average of 8.27%. This marks a strong real estate market in Bay Lake where families can be sure that their investment in a home will be both secure and appreciate over time.
The median home cost in Bay Lake is $415,900. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Bay Lake is up 20.4%.
Average Age of Homes
- The median age of Bay Lake real estate is 37 years old
The Rental Market in Bay Lake
- Renters make up 1.3% of the Bay Lake population
- 0.0% of houses and apartments in Bay 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.