The housing market in Lanark, WI is an attractive opportunity for potential buyers and investors. The median value of homes in the area is $289,700, which is significantly lower than the United States median house value of $338,100. In the past year, house prices have appreciated 13.75% in Lanark compared to the US average appreciation rate of 8.27%. This shows that property values are increasing quickly in this area, making it a wise investment for those looking to purchase a home or invest in real estate.
The median home cost in Lanark is $289,700. Home appreciation the last 10 years has been 66.7%. Home Appreciation in Lanark is up 17.0%.
Average Age of Homes
- The median age of Lanark real estate is 33 years old
The Rental Market in Lanark
- Renters make up 7.6% of the Lanark population
- 1.0% of houses and apartments in Lanark, 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.