Lake Valley, MN is a desirable area for homeowners with its median house value of $149,000. This is significantly lower than the US median house value of $338,100, making it an attractive option for those looking to invest in a home. Not only is the initial price lower but according to recent data the one-year appreciation rate of houses in Lake Valley is 13.39%, higher than the national average of 8.27%. Therefore, housing in Lake Valley offers an excellent opportunity for potential buyers to take advantage of both a lower cost up front and greater potential return on investment.
The median home cost in Lake Valley is $149,000. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Lake Valley is up 12.6%.
Average Age of Homes
- The median age of Lake Valley real estate is 59 years old
The Rental Market in Lake Valley
- Renters make up 9.2% of the Lake Valley population
- 0.0% of houses and apartments in Lake Valley, 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.