\nRed Lake, ND has a median house value of $161,400, which is significantly lower than the US median house value of $338,100. However, Red Lake has seen a higher rate of appreciation over the past year at 9.41% compared to 8.27% in the US overall. This indicates that housing in Red Lake is becoming more expensive and it is an attractive place for potential buyers to consider investing in real estate.
The median home cost in Red Lake is $161,400. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Red Lake is up 10.5%.
Average Age of Homes
- The median age of Red Lake real estate is 15 years old
The Rental Market in Red Lake
- Renters make up 21.7% of the Red Lake population
- 0.0% of houses and apartments in Red 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.