Fall Lake, MN is an excellent place for potential homebuyers to consider due to its relatively high median value and greater than average appreciation rate. The median house value in Fall Lake stands at $428,300, which is significantly higher than the US housing median of $338,100. The US one-year appreciation rate for houses is 8.27%, but the one-year appreciation rate for houses in Fall Lake is 13.08%. This demonstrates that Fall Lake has seen a larger increase in house values over the past year compared to the national average, making it an attractive option for prospective homeowners.
The median home cost in Fall Lake is $428,300. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Fall Lake is up 13.2%.
Average Age of Homes
- The median age of Fall Lake real estate is 38 years old
The Rental Market in Fall Lake
- Renters make up 4.5% of the Fall Lake population
- 0.0% of houses and apartments in Fall 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.