Lester Prairie, MN is a small town located in the Western part of Minnesota. The housing median value in this quaint town is $288,600; this value is lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate for Lester Prairie has been 6.82%; this is slightly lower than the national average of 8.27%. This indicates that while housing prices are still steadily increasing in Lester Prairie, they are doing so at a slightly more moderate rate compared to other parts of the country.
The median home cost in Lester Prairie is $288,600. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Lester Prairie is up 11.0%.
Average Age of Homes
- The median age of Lester Prairie real estate is 50 years old
The Rental Market in Lester Prairie
- Renters make up 21.6% of the Lester Prairie population
- 1.3% of houses and apartments in Lester Prairie, 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.