Nokay Lake, MN is a great place to live for those looking for a home. The median value of housing in Nokay Lake is $351,600, higher than the US median house value of $338,100. In addition, the one-year house appreciation rate in Nokay Lake is 12.38%, much higher than the 8.27% average appreciation rate for US housing. These facts show that purchasing a home in Nokay Lake could be an excellent investment option. With high median values and good appreciation rates, it's no wonder why many people are looking to move to this area.
The median home cost in Nokay Lake is $351,600. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Nokay Lake is up 20.4%.
Average Age of Homes
- The median age of Nokay Lake real estate is 34 years old
The Rental Market in Nokay Lake
- Renters make up 8.7% of the Nokay Lake population
- 0.0% of houses and apartments in Nokay 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.