Banks Lake South, WA is an area with a vibrant housing market. The median value of houses in this area is $262,100, which is significantly lower than the US median value of $338,100. Despite the lower price point, Banks Lake South has seen tremendous appreciation in its housing market over the past year. In fact, it's seen a 15.73% increase in house values compared to the national average of 8.27%. This illustrates that Banks Lake South is a prime location for real estate investment and homeownership.
The median home cost in Banks Lake South is $262,100. Home appreciation the last 10 years has been 115.4%. Home Appreciation in Banks Lake South is up 19.3%.
Average Age of Homes
- The median age of Banks Lake South real estate is 35 years old
The Rental Market in Banks Lake South
- Renters make up 19.8% of the Banks Lake South population
- 0.0% of houses and apartments in Banks Lake South, 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.