The Lakes, MN is a great place to live with an impressive median house value of $338,000. This number is only slightly lower than the US house median value of $338,100. In the past year, the US has seen an 8.27% appreciation in housing values whereas The Lakes, MN has seen an even greater appreciation of 9.54%. This shows that The Lakes is an attractive area for those looking to invest in housing and reap the rewards of increased property value.
The median home cost in The Lakes is $338,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in The Lakes is up 14.7%.
Average Age of Homes
- The median age of The Lakes real estate is 32 years old
The Rental Market in The Lakes
- Renters make up 2.6% of the The Lakes population
- 2.3% of houses and apartments in The Lakes, 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.