Detroit Lakes, MN Housing

The housing market in Detroit Lakes, MN is strong and steadily increasing. The median value of homes in the area is currently $340,900, which is slightly higher than the US median value of $338,100. The US saw an 8.27% increase in home values over the past year, and Detroit Lakes had an even stronger appreciation rate of 8.21%. This indicates that buying a home in Detroit Lakes is a good investment that is likely to further increase in value over time.

The median home cost in Detroit Lakes is $340,900. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Detroit Lakes is up 13.6%.

Average Age of Homes

- The median age of Detroit Lakes real estate is 45 years old

The Rental Market in Detroit Lakes

- Renters make up 32.8% of the Detroit Lakes population
- 2.2% of houses and apartments in Detroit Lakes, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Detroit Lakes, Minnesota	United States
	4,803.0	139,647,020.0
	48	42
	$340,900	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$9.07	$10.98
	$1,892	$2,690
	51.8%	57.4%
	16.4%	11.2%
	31.8%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	12.2%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	0.6%	2.4%
	0.6%	2.8%
	5.2%	3.9%
	2.4%	4.5%
	18.8%	11.3%
	17.8%	13.0%
	25.2%	20.1%
	8.0%	13.6%
	4.4%	8.3%
	9.0%	9.7%
	1.8%	3.9%
	2.7%	2.2%
	0.0%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.1%	13.6%
	16.1%	13.6%
	10.6%	13.6%
	5.8%	13.2%
	14.4%	14.8%
	10.6%	13.6%
	9.9%	10.0%
	9.6%	4.7%
	14.2%	12.2%