The housing market in Lakewood, MN is thriving. The median value of homes in Lakewood is much higher than the US median value at $442,600 versus $338,100. Over the last year, house appreciation in Lakewood has grown by 10.54%, higher than the national average of 8.27%. This indicates that home values are on an upward trend in this area and continues to make it a great place to invest or buy a home.
The median home cost in Lakewood is $442,600. Home appreciation the last 10 years has been 75.8%. Home Appreciation in Lakewood is up 14.7%.
Average Age of Homes
- The median age of Lakewood real estate is 38 years old
The Rental Market in Lakewood
- Renters make up 6.6% of the Lakewood population
- 0.0% of houses and apartments in Lakewood, 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.