The housing market in Lake Lorelei, OH is flourishing. The median value of houses in the area is $204,700, which is far lower than the US median value of $338,100. In addition to being more affordable, the area has seen a higher rate of appreciation over the past year at 13.22%, compared to 8.27% nationally. Homes in Lake Lorelei are therefore both cheaper and increasing in value faster than national averages, making it a great place to invest for those looking for a good return on their money.
The median home cost in Lake Lorelei is $204,700. Home appreciation the last 10 years has been 84.0%. Home Appreciation in Lake Lorelei is up 15.4%.
Average Age of Homes
- The median age of Lake Lorelei real estate is 27 years old
The Rental Market in Lake Lorelei
- Renters make up 11.7% of the Lake Lorelei population
- 0.0% of houses and apartments in Lake Lorelei, 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.