The housing market in Lino Lakes, MN is doing well, with the median value of homes at $401,300 being greater than the US house median value of $338,100. Over the last year the US house appreciation rate was 8.27%, while Lino Lakes had an appreciation rate of 6.60%. This indicates that home values are increasing in Lino Lakes at a slightly slower rate than they are nationally, but still growing steadily. Given this information it appears that housing in Lino Lakes is a valuable investment for potential buyers.
The median home cost in Lino Lakes is $401,300. Home appreciation the last 10 years has been 93.8%. Home Appreciation in Lino Lakes is up 12.1%.
Average Age of Homes
- The median age of Lino Lakes real estate is 24 years old
The Rental Market in Lino Lakes
- Renters make up 7.7% of the Lino Lakes population
- 0.6% of houses and apartments in Lino Lakes, 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.