The median value of housing in Chisago Lake, MN is $493,900 which is considerably higher than the US House Median Value of $338,100. Despite this large gap in pricing, the appreciation rate of housing in Chisago Lake has seen an increase of 6.66%, lower than the US 1 year House Appreciation rate of 8.27%. This percentage increase over the past year suggests that despite the high cost of living, there is still a demand for housing in this area. Furthermore, it offers reassurance that those willing to invest in purchasing a home will see returns on their investment over time.
The median home cost in Chisago Lake is $493,900. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Chisago Lake is up 12.2%.
Average Age of Homes
- The median age of Chisago Lake real estate is 26 years old
The Rental Market in Chisago Lake
- Renters make up 2.8% of the Chisago Lake population
- 0.0% of houses and apartments in Chisago 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.