Mayhew Lake, MN is a wonderful city located in the Midwest with a housing median value of $415,100. This is significantly higher than the national median value of $338,100 and reflects the strong real estate market in this area. The US has seen an appreciation rate of 8.27% over the last year while in Mayhew Lake, MN that number stands at 7.75%, which is still quite high. Buying a home in this city could be a great investment for those looking to settle down here and raise their family.
The median home cost in Mayhew Lake is $415,100. Home appreciation the last 10 years has been 77.8%. Home Appreciation in Mayhew Lake is up 13.6%.
Average Age of Homes
- The median age of Mayhew Lake real estate is 37 years old
The Rental Market in Mayhew Lake
- Renters make up 8.3% of the Mayhew Lake population
- 0.0% of houses and apartments in Mayhew 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.