Birch Lake, MN is a great place to invest in real estate due to the fact that the median value of homes is $270,000, significantly lower than the national median home value of $338,100. Furthermore, housing appreciation has been on the rise in Birch Lake with an appreciation rate of 12.38%, which is higher than the 8.27% national average for one year appreciation. This makes it an ideal time to invest in real estate and take advantage of the market conditions in Birch Lake.
The median home cost in Birch Lake is $270,000. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Birch Lake is up 20.4%.
Average Age of Homes
- The median age of Birch Lake real estate is 26 years old
The Rental Market in Birch Lake
- Renters make up 2.9% of the Birch Lake population
- 0.0% of houses and apartments in Birch Lake, 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.