The housing market in Preston Lake, MN is quite strong, with the median value of homes being $296,100. This is slightly lower than the US House Median Value of $338,100, but the house appreciation rate over the last year was still quite good at 6.82%, just below the 8.27% overall US average. This shows that there is a healthy demand for housing in Preston Lake and that people are willing to pay a premium for homes in this area.
The median home cost in Preston Lake is $296,100. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Preston Lake is up 11.0%.
Average Age of Homes
- The median age of Preston Lake real estate is 78 years old
The Rental Market in Preston Lake
- Renters make up 8.0% of the Preston Lake population
- 0.0% of houses and apartments in Preston 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.