The housing market in Lake Mills, IA is strong with a median value of $133,600. This represents a 1 year appreciation rate of 11.88%, much higher than the national average of 8.27%. These figures suggest that home values in Lake Mills are increasing faster than the national average and make it an attractive option for potential homeowners looking to invest in real estate in the area. With its relatively low cost of living and excellent appreciation rates, Lake Mills is a great option for those looking to buy a house or invest in property.
The median home cost in Lake Mills is $133,600. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Lake Mills is up 15.9%.
Average Age of Homes
- The median age of Lake Mills real estate is 55 years old
The Rental Market in Lake Mills
- Renters make up 26.3% of the Lake Mills population
- 1.4% of houses and apartments in Lake Mills, 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.