Home Lake, MN is a great place to buy a home. The median value of a house in Home Lake, MN is $274,000 which is lower than the U.S. median value of $338,100. This may be attractive for many buyers looking for a good deal on their next home purchase. While the U.S. 1 year House Appreciation rate is 8.27%, the 1 year appreciation rate for Home Lake, MN is 8.21%, making it a desirable location to invest in real estate with good potential return on investment.
The median home cost in Home Lake is $274,000. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Home Lake is up 13.6%.
Average Age of Homes
- The median age of Home Lake real estate is 43 years old
The Rental Market in Home Lake
- Renters make up 3.1% of the Home Lake population
- 0.0% of houses and apartments in Home 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.