The housing market in Lake Park, MN is strong. The median value of a house in Lake Park is currently $380,000, which is slightly higher than the US median value of $338,100. Moreover, the past year saw an appreciation rate of 8.21% for housing in Lake Park, higher than the US average of 8.27%. This indicates that the housing market in Lake Park is healthy and shows potential for further growth.
The median home cost in Lake Park is $380,000. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Lake Park is up 13.6%.
Average Age of Homes
- The median age of Lake Park real estate is 55 years old
The Rental Market in Lake Park
- Renters make up 25.3% of the Lake Park population
- 1.5% of houses and apartments in Lake Park, 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.