Lorain, MN is a great place to live due to its attractive median housing value of $260,900 and an impressive 1-year house appreciation of 9.54%. This is significantly higher than the US Median Housing Value of $338,100 and the US one year House Appreciation rate of 8.27%. With such a good value for your money and strong appreciation rates in Lorain, it's no wonder that people are choosing to move there. It's a great place to settle down and build long-term wealth.
The median home cost in Lorain is $260,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lorain is up 14.7%.
Average Age of Homes
- The median age of Lorain real estate is 64 years old
The Rental Market in Lorain
- Renters make up 11.2% of the Lorain population
- 0.0% of houses and apartments in Lorain, 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.