The housing market in Ponto Lake, MN is quite strong with a median home value of $280,500. This is significantly lower than the national median of $338,100 but the 1 year appreciation rate of 12.44% is higher than the 8.27% national average. This indicates that not only is Ponto Lake's housing market relatively affordable compared to other areas in the country, but it is also increasing in value which makes it an appealing option for those looking to invest in real estate.
The median home cost in Ponto Lake is $280,500. Home appreciation the last 10 years has been 86.8%. Home Appreciation in Ponto Lake is up 20.4%.
Average Age of Homes
- The median age of Ponto Lake real estate is 37 years old
The Rental Market in Ponto Lake
- Renters make up 2.6% of the Ponto Lake population
- 0.0% of houses and apartments in Ponto 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.