The housing market in Lake, OR County is thriving. The median value of a house in Lake, OR County is $161,800, which is considerably less than the US median value of $338,100. However, the one-year appreciation rate for housing in Lake, OR County is 8.40%, significantly higher than the US average house appreciation rate of 8.27% over the same time period. This suggests that housing prices are increasing at a healthy rate and that buyers should act quickly if they want to take advantage of this trend.
The median home cost in Lake County is $161,800. Home appreciation the last 10 years has been 126.9%. Home Appreciation in Lake County is up 16.0%.
Average Age of Homes
- The median age of Lake County real estate is 46 years old
The Rental Market in Lake County
- Renters make up 29.9% of the Lake County population
- 0.9% of houses and apartments in Lake County, 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.