Lake Henry, MN is a small town in the Midwest that is known for its affordable housing. According to recent data, the median value of housing in Lake Henry is $139,200 which is significantly lower than the US median value of $338,100. This discrepancy in prices means that Lake Henry offers great value for home buyers looking for an affordable place to live. The one year appreciation rate for homes in Lake Henry was 7.75%, only slightly lower than the national average of 8.27%. This indicates that homes are staying relatively steady in terms of price despite the difference between the local and national averages. Therefore, it is worth considering a home purchase in Lake Henry if you are looking for an affordable home with good potential for appreciation over time.
The median home cost in Lake Henry is $139,200. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Lake Henry is up 13.6%.
Average Age of Homes
- The median age of Lake Henry real estate is 51 years old
The Rental Market in Lake Henry
- Renters make up 14.3% of the Lake Henry population
- 0.0% of houses and apartments in Lake Henry, 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.