Housing in Trout Lake, MN is a great investment for those looking to buy. The median value of a house in Trout Lake is $267,000 which is significantly lower than the US House Median Value of $338,100. Moreover, the appreciation rate for houses in Trout Lake over the past year has been 13.08%, higher than the national average of 8.27%. This makes buying a house in Trout Lake an even more appealing option for potential buyers who are looking to get into a strong housing market with a relatively affordable price tag.
The median home cost in Trout Lake is $267,000. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Trout Lake is up 13.2%.
Average Age of Homes
- The median age of Trout Lake real estate is 23 years old
The Rental Market in Trout Lake
- Renters make up 5.7% of the Trout Lake population
- 0.0% of houses and apartments in Trout 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.