The housing market in Lutsen, MN is thriving and has seen significant growth in recent years. The median value of a home in Lutsen is currently $377,300, which is nearly 10% higher than the national median value of $338,100. Over the past year, the US housing market has appreciated 8.27%, but the appreciation rate in Lutsen was 12.16%. This indicates that the housing market in Lutsen is growing faster than average and could provide an attractive opportunity for real estate investors or those looking to purchase a new home.
The median home cost in Lutsen is $377,300. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Lutsen is up 13.9%.
Average Age of Homes
- The median age of Lutsen real estate is 31 years old
The Rental Market in Lutsen
- Renters make up 36.1% of the Lutsen population
- 0.0% of houses and apartments in Lutsen, 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.