Lake Grove, MN is an area known for its great quality of life and housing affordability. The median value of a house in the area is $194,400, significantly lower than the US median value of $338,100. Furthermore, over the last year, Lake Grove's houses have appreciated at 8.21%, just slightly below the national rate of 8.27%. This makes it an attractive option for those looking for a quality home at an affordable price.
The median home cost in Lake Grove is $194,400. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Lake Grove is up 13.6%.
Average Age of Homes
- The median age of Lake Grove real estate is 37 years old
The Rental Market in Lake Grove
- Renters make up 15.0% of the Lake Grove population
- 0.0% of houses and apartments in Lake Grove, 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.