Crane Lake, MN is a small town with a population of only 684 people according to the 2010 census. Despite its size, properties in the area have seen significant growth in recent years. Housing median values have increased from $334,500 in 2017 to $338,100 currently. This figure is even higher than the US median house value of $338,100 and is reflective of an impressive 13.08% house appreciation rate over the past year throughout Crane Lake. This rate is significantly higher than the nation-wide 8.27% average for 1 year house appreciation. All signs point to Crane Lake being a desirable location for property investment with significant potential for increases in housing prices over the coming years.
The median home cost in Crane Lake is $334,500. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Crane Lake is up 13.2%.
Average Age of Homes
- The median age of Crane Lake real estate is 38 years old
The Rental Market in Crane Lake
- Renters make up 3.6% of the Crane Lake population
- 0.4% of houses and apartments in Crane 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.