The housing market in Lake Park, NC is booming, with a median value of $368,300 which is higher than the US national median value of $338,100. In the past one year, the appreciation rate of houses in Lake Park has been 19.65%, much higher than the US average of 8.27%. This indicates that living in Lake Park is becoming increasingly desirable and people are investing more into housing there.
The median home cost in Lake Park is $368,300. Home appreciation the last 10 years has been 127.7%. Home Appreciation in Lake Park is up 25.4%.
Average Age of Homes
- The median age of Lake Park real estate is 19 years old
The Rental Market in Lake Park
- Renters make up 11.2% of the Lake Park population
- 0.9% of houses and apartments in Lake Park, 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.