The housing market in Lavell, MN is doing well. The median value of houses in the area is currently $206,700 – significantly lower than the national average of $338,100. Yet, house appreciation in Lavell has been greater than the national average over the past year – increasing by 13.08% compared to 8.27%. This suggests that now is a great time to invest in real estate in Lavell and buyers can expect to see a return on their investments over time.
The median home cost in Lavell is $206,700. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Lavell is up 13.2%.
Average Age of Homes
- The median age of Lavell real estate is 40 years old
The Rental Market in Lavell
- Renters make up 2.5% of the Lavell population
- 0.0% of houses and apartments in Lavell, 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.