Lake City, IA is a great place to invest in housing due to its low median value of $108,500 and higher 1 year appreciation rate of 11.61%. Compared to the US median house value of $338,100 and 1 year appreciation rate of 8.27%, Lake City offers an attractive option for buyers looking for a more affordable home. With this strong market trend and low prices, Lake City may be a great choice for anyone looking to invest in real estate.
The median home cost in Lake City is $108,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Lake City is up 15.1%.
Average Age of Homes
- The median age of Lake City real estate is 66 years old
The Rental Market in Lake City
- Renters make up 19.5% of the Lake City population
- 2.0% of houses and apartments in Lake City, 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.