The housing market in Lanesboro, IA is performing well above the national average. The median value for a home in Lanesboro is $66,900, which is significantly lower than the US House Median Value of $338,100. In addition to this, the one year house appreciation in Lanesboro is 11.61%, while the US one year house appreciation rate is 8.27%. This indicates that there is strong demand for housing in Lanesboro and that more people are buying homes at a faster rate than nationally. As such, this could make it a great time to invest in real estate in the area.
The median home cost in Lanesboro is $66,900. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Lanesboro is up 15.1%.
Average Age of Homes
- The median age of Lanesboro real estate is 78 years old
The Rental Market in Lanesboro
- Renters make up 15.8% of the Lanesboro population
- 0.0% of houses and apartments in Lanesboro, 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.