The housing market in Lake Elizabeth, MN is thriving compared to the US median value. The median value of homes in Lake Elizabeth, MN is $238,600 and the US median value is $338,100. Additionally, the one-year house appreciation rate for Lake Elizabeth homes is 13.39%, much higher than the 8.27% one-year appreciation rate for homes across the US. This data demonstrates that real estate in Lake Elizabeth is a great investment opportunity and an attractive location to purchase property.
The median home cost in Lake Elizabeth is $238,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Lake Elizabeth is up 12.6%.
Average Age of Homes
- The median age of Lake Elizabeth real estate is 56 years old
The Rental Market in Lake Elizabeth
- Renters make up 11.1% of the Lake Elizabeth population
- 0.0% of houses and apartments in Lake Elizabeth, 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.