Cedar Lake, MN is an affluent area with a median housing value of $588,800. This is substantially higher than the US median house value of $338,100. The US has seen a 1 year appreciation of 8.27%, while Cedar Lake has seen an even higher appreciation of 8.41%. This indicates that Cedar Lake's housing market is strong and growing rapidly, making it an attractive place to buy property.
The median home cost in Cedar Lake is $588,800. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Cedar Lake is up 11.7%.
Average Age of Homes
- The median age of Cedar Lake real estate is 23 years old
The Rental Market in Cedar Lake
- Renters make up 2.8% of the Cedar Lake population
- 0.0% 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.