The housing market in Lanagan, MO is currently flourishing. The median value of a house in Lanagan is $73,200, significantly lower than the US median of $338,100. Although this may initially seem like a disadvantage, it actually provides potential homeowners with an incredible opportunity to purchase homes at a more reasonable rate. In the last year alone, the appreciation rate of homes in Lanagan has been 15.13%, higher than the national average of 8.27%. For those looking for cost-effective options to enter the housing market in Missouri, Lanagan provides an excellent option with great potential returns on investment.
The median home cost in Lanagan is $73,200. Home appreciation the last 10 years has been 65.1%. Home Appreciation in Lanagan is up 18.1%.
Average Age of Homes
- The median age of Lanagan real estate is 47 years old
The Rental Market in Lanagan
- Renters make up 46.9% of the Lanagan population
- 0.0% of houses and apartments in Lanagan, 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.