The housing market in Sturgeon Lake, MN is thriving. The median value of houses in the area is $263,800, which is lower than the US median value of $338,100. Despite this difference in price, homes in Sturgeon Lake have experienced a higher one-year appreciation rate of 13.08%, compared to the US average of 8.27%, demonstrating strong potential for growth in the area. This makes it an attractive option for anyone looking to invest in property and reap potential rewards from rising home prices.
The median home cost in Sturgeon Lake is $263,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Sturgeon Lake is up 13.2%.
Average Age of Homes
- The median age of Sturgeon Lake real estate is 29 years old
The Rental Market in Sturgeon Lake
- Renters make up 23.5% of the Sturgeon Lake population
- 3.9% of houses and apartments in Sturgeon 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.