Leech Lake, MN has a median housing value of $240,800 which is significantly lower than the US housing median of $338,100. Despite the lower median, Leech Lake's 1 year house appreciation is 12.89%, higher than the national average of 8.27%. This suggests that housing prices in Leech Lake have been increasing at a more rapid rate in comparison to other areas in the country. With an increase of nearly 13% in just one year, it's no surprise that many people are interested in purchasing or investing in real estate in this region.
The median home cost in Leech Lake is $240,800. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Leech Lake is up 20.3%.
Average Age of Homes
- The median age of Leech Lake real estate is 24 years old
The Rental Market in Leech Lake
- Renters make up 9.2% of the Leech Lake population
- 0.0% of houses and apartments in Leech Lake, 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.