The housing market in Knife Lake, MN is quite strong. The median value of homes in the area is $291,800, which is below the US median value of $338,100. However, homes in Knife Lake still experienced an appreciation rate of 6.66% over the past year, which although slightly lower than the national average of 8.27%, is still a healthy increase and indicative of a stable and growing market. Potential buyers should feel confident investing in Knife Lake's real estate market.
The median home cost in Knife Lake is $291,800. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Knife Lake is up 12.2%.
Average Age of Homes
- The median age of Knife Lake real estate is 35 years old
The Rental Market in Knife Lake
- Renters make up 8.1% of the Knife Lake population
- 0.0% of houses and apartments in Knife 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.