The housing market in Mountain Lake, MN is thriving. The median value for homes there is currently $132,100, which is notably lower than the US House Median Value of $338,100. Additionally, while the US 1 year House Appreciation rate is 8.27%, the appreciation rate for houses in Mountain Lake over the last year has been even higher at 9.54%. This indicates that the housing market in Mountain Lake is strong and that it may be a great place to invest in real estate.
The median home cost in Mountain Lake is $132,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Mountain Lake is up 14.7%.
Average Age of Homes
- The median age of Mountain Lake real estate is 59 years old
The Rental Market in Mountain Lake
- Renters make up 19.5% of the Mountain Lake population
- 0.0% of houses and apartments in Mountain Lake, 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.