Medicine Lake, MT is a great place for those looking to purchase a home. The median value of housing in Medicine Lake is $132,000 which is significantly lower than the US median value of $338,100. In addition, the one year house appreciation rate in Medicine Lake is 14%, much higher than the 8.27% appreciation rate of the US housing market. This makes Medicine Lake an attractive investment opportunity for those interested in buying a home.
The median home cost in Medicine Lake is $132,000. Home appreciation the last 10 years has been 128.5%. Home Appreciation in Medicine Lake is up 20.3%.
Average Age of Homes
- The median age of Medicine Lake real estate is 59 years old
The Rental Market in Medicine Lake
- Renters make up 14.0% of the Medicine Lake population
- 3.0% of houses and apartments in Medicine 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.