Housing in Heron Lake, MN is very affordable. The median value of homes in the area is $110,500, significantly lower than the US median of $338,100. Over the last year, house appreciation in Heron Lake has been 9.54%, higher than the national rate of 8.27%. This indicates that housing values are increasing at a steady rate and makes this an excellent place to invest for those looking for a great real estate investment opportunity.
The median home cost in Heron Lake is $110,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Heron Lake is up 14.7%.
Average Age of Homes
- The median age of Heron Lake real estate is 61 years old
The Rental Market in Heron Lake
- Renters make up 15.9% of the Heron Lake population
- 0.0% of houses and apartments in Heron 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.