Housing in Loon Lake, MN is a great investment for homeowners. The median value of homes in the area is currently $297,000, which is considerably lower than the US House Median Value of $338,100. Additionally, the one-year house appreciation rate in Loon Lake is 12.38%, significantly higher than the US average of 8.27%. This indicates that investing in real estate here could be a sound decision. With increasing values and appreciation rates, homeowners can expect to see their property increase in value over time if they choose to invest in Loon Lake.
The median home cost in Loon Lake is $297,000. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Loon Lake is up 20.4%.
Average Age of Homes
- The median age of Loon Lake real estate is 25 years old
The Rental Market in Loon Lake
- Renters make up 2.8% of the Loon Lake population
- 0.0% of houses and apartments in Loon 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.