The housing market in Lake Park, IA is robust. The median value of a house is nearly $200,000, which is significantly lower than the US median of $338,100. Despite this difference in price, the 1 year appreciation rate of 11.61% is higher than the US average of 8.27%. This indicates a strong housing market and potential for investors to make good returns in the area.
The median home cost in Lake Park is $196,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Lake Park is up 15.1%.
Average Age of Homes
- The median age of Lake Park real estate is 51 years old
The Rental Market in Lake Park
- Renters make up 16.8% of the Lake Park population
- 0.0% 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.