The housing market in Lake Stay, MN is a prosperous one. The median value of homes in the city stands at $177,500, which is significantly lower than the US median house value of $338,100. In the past year, home values have appreciated by 9.54%, which is higher than the national average of 8.27%. This shows that Lake Stay's housing market is strong and people are investing more in housing here because they know it will be a good long-term investment.
The median home cost in Lake Stay is $177,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lake Stay is up 14.7%.
Average Age of Homes
- The median age of Lake Stay real estate is 47 years old
The Rental Market in Lake Stay
- Renters make up 2.5% of the Lake Stay population
- 0.0% of houses and apartments in Lake Stay, 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.