The housing market in Gail Lake, MN is thriving. The median value for homes in the area is $213,100, which is significantly lower than the US House Median Value of $338,100. In addition to this lower cost of entry into the housing market, there has also been a higher appreciation rate in Gail Lake than in areas elsewhere in the US. In the past year alone, house prices have appreciated by 12.38%, while across the country they have only increased by 8.27%. This makes Gail Lake an attractive destination for those looking to purchase property and benefit from some solid returns on their investment.
The median home cost in Gail Lake is $213,100. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Gail Lake is up 20.4%.
Average Age of Homes
- The median age of Gail Lake real estate is 35 years old
The Rental Market in Gail Lake
- Renters make up 3.8% of the Gail Lake population
- 0.0% of houses and apartments in Gail 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.