Lakefield, MN is a great place to live and invest in housing. The median value of homes in Lakefield is $159,400, which is significantly lower than the US median of $338,100. Furthermore, the one year appreciation rate of homes in Lakefield is 9.54%, higher than the US average of 8.27%. With these statistics in mind, it is clear that investing in real estate in Lakefield is a wise decision. The low cost of entry and high appreciation rate make Lakefield an ideal location for buyers looking to purchase a home for residential or investment purposes.
The median home cost in Lakefield is $159,400. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lakefield is up 14.7%.
Average Age of Homes
- The median age of Lakefield real estate is 63 years old
The Rental Market in Lakefield
- Renters make up 21.6% of the Lakefield population
- 1.0% of houses and apartments in Lakefield, 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.