Lake View, MN is an affluent community that boasts a median housing value of $510,800, which is higher than the national median of $338,100. The 1 year house appreciation rate in Lake View is 8.21%, slightly lower than the US average of 8.27%. These figures indicate that buying a home in Lake View is a smart financial decision as the high median value combined with high appreciation rate make for a potentially lucrative investment opportunity.
The median home cost in Lake View is $510,800. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Lake View is up 13.6%.
Average Age of Homes
- The median age of Lake View real estate is 43 years old
The Rental Market in Lake View
- Renters make up 6.8% of the Lake View population
- 0.2% of houses and apartments in Lake View, 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.