The housing market in Lake Lillian, MN is thriving. The median value of a house in the area is $250,600, which is significantly less than the US median house value of $338,100. Additionally, the 1 year house appreciation rate in Lake Lillian, MN is 13.39%, compared to an 8.27% rate for the US as a whole. These good market conditions make it an ideal place to buy or sell property and indicate that real estate values are likely to continue to appreciate over time.
The median home cost in Lake Lillian is $250,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Lake Lillian is up 12.6%.
Average Age of Homes
- The median age of Lake Lillian real estate is 59 years old
The Rental Market in Lake Lillian
- Renters make up 10.3% of the Lake Lillian population
- 0.0% of houses and apartments in Lake Lillian, 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.