The housing market in Lakeview, MN is strong and thriving. The median value of homes in the area is $320,600, which is significantly lower than the national median value of $338,100. Despite this discrepancy, the one year house appreciation rate for Lakeview is 13.08%, which is well above the US average of 8.27%. This indicates that Lakeview real estate values are increasing at a faster rate than other regions across the country. With this solid foundation for future home appreciation, investing in housing in Lakeview can be a sound financial decision.
The median home cost in Lakeview is $320,600. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Lakeview is up 13.2%.
Average Age of Homes
- The median age of Lakeview real estate is 35 years old
The Rental Market in Lakeview
- Renters make up 8.5% of the Lakeview population
- 0.0% of houses and apartments in Lakeview, 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.