The housing in Minnesota Lake, MN is quite impressive compared to the US overall. The median value of homes in Minnesota Lake, MN is $191,100 while the median value for all of the US is $338,100. In addition to this, the appreciation rate over a one year period for houses in Minnesota Lake is 11.33%, which is higher than the national average of 8.27%. This indicates that there are many good investment opportunities in real estate in Minnesota Lake and that people can be confident they will see a return on their investment.
The median home cost in Minnesota Lake is $191,100. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Minnesota Lake is up 11.6%.
Average Age of Homes
- The median age of Minnesota Lake real estate is 60 years old
The Rental Market in Minnesota Lake
- Renters make up 11.4% of the Minnesota Lake population
- 2.6% of houses and apartments in Minnesota 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.