Housing in Long Lake, MN is quite desirable. The median value of a home in Long Lake is $395,500 which is significantly higher than the national median value of $338,100. While the US House Appreciation rate over the past year has been 8.27%, Long Lake's rate was slightly lower at 6.82%. This highlights that the housing market in Long Lake is stable and growing steadily but at a slightly slower pace compared to the national average.
The median home cost in Long Lake is $395,500. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Long Lake is up 11.0%.
Average Age of Homes
- The median age of Long Lake real estate is 44 years old
The Rental Market in Long Lake
- Renters make up 33.8% of the Long Lake population
- 1.3% of houses and apartments in Long 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.