Cass Lake, MN is an attractive place to live for many prospective homeowners due to its affordable housing and robust appreciation rate. The median value of homes in Cass Lake is $186,700, which is considerably lower than the national median of $338,100. Moreover, over the past year there has been a 15.27% increase in the median value of homes in Cass Lake while the national rate was only 8.27%. Therefore, it's clear that there are great benefits to purchasing a home in Cass Lake as it provides both cost savings and higher returns on investment potential than other US locations.
The median home cost in Cass Lake is $186,700. Home appreciation the last 10 years has been 68.4%. Home Appreciation in Cass Lake is up 19.7%.
Average Age of Homes
- The median age of Cass Lake real estate is 46 years old
The Rental Market in Cass Lake
- Renters make up 46.4% of the Cass Lake population
- 2.0% of houses and apartments in Cass 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.