The housing market in Roy Lake, MN is slightly more affordable than the US median value with a median house value of $231,700. Despite being lower than the national average, Roy Lake still saw an 8.21% increase in housing values over the past year, which is only slightly lower than the national appreciation rate of 8.27%. As such, those looking to buy a home or invest in real estate in Roy Lake can expect to see good returns on their investments over time.
The median home cost in Roy Lake is $231,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Roy Lake is up 13.6%.
Average Age of Homes
- The median age of Roy Lake real estate is 48 years old
The Rental Market in Roy Lake
- Renters make up 0.0% of the Roy Lake population
- 0.0% of houses and apartments in Roy 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.