The housing market in Spring Lake, MN is quite impressive. The median value for houses here is $581,600 which is significantly higher than the US house median value of $338,100. Although the US has seen an 8.27% increase in the value of homes over the past year, Spring Lake's homes have only appreciated by 6.82%. Despite this slight difference in appreciation rate, Spring Lake still offers a strong and reliable housing market that can provide residents with a comfortable and safe living environment at an affordable price point.
The median home cost in Spring Lake is $581,600. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Spring Lake is up 11.0%.
Average Age of Homes
- The median age of Spring Lake real estate is 40 years old
The Rental Market in Spring Lake
- Renters make up 0.9% of the Spring Lake population
- 0.0% of houses and apartments in Spring 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.