The housing market in Lengby, MN is significantly different from the national average. The median value of houses in Lengby is $61,900, which is significantly lower than the US median house value of $338,100. Despite this disparity, the 1 year house appreciation rate in Lengby was 15.27%, far higher than the national average of 8.27%. This suggests that while home values may be lower in Lengby than other parts of the country, it is still a good investment for potential buyers as they can expect strong returns on their investment.
The median home cost in Lengby is $61,900. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Lengby is up 19.7%.
Average Age of Homes
- The median age of Lengby real estate is 73 years old
The Rental Market in Lengby
- Renters make up 9.7% of the Lengby population
- 0.0% of houses and apartments in Lengby, 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.