The housing market in Lakin, MN is strong with a median value of $334,300. This is slightly lower than the US house median value of $338,100. Despite the slight difference in values, the housing market in Lakin has seen growth of 7.75% in one year, which is only slightly lower than the US 1 year house appreciation rate of 8.27%. This continued growth shows that Lakin is a stable and desirable place to live for potential home buyers and investors alike.
The median home cost in Lakin is $334,300. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Lakin is up 13.6%.
Average Age of Homes
- The median age of Lakin real estate is 34 years old
The Rental Market in Lakin
- Renters make up 4.5% of the Lakin population
- 0.0% of houses and apartments in Lakin, 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.