Lake of the Woods, IL is a great place to live for anyone looking to invest in real estate. The median value of housing in the area is $176,700 which is significantly lower than the US House Median Value of $338,100. This makes it an ideal destination for buyers looking to get more bang for their buck. The 1 year house appreciation rate in Lake of the Woods is 8.72%, which is slightly higher than the US 1 year House Appreciation rate of 8.27%. This suggests that investing in housing here could bring good returns over time and make it a great place to settle down.
The median home cost in Lake of the Woods is $176,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Lake of the Woods is up 14.5%.
Average Age of Homes
- The median age of Lake of the Woods real estate is 29 years old
The Rental Market in Lake of the Woods
- Renters make up 20.0% of the Lake of the Woods population
- 0.0% of houses and apartments in Lake of the Woods, 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.