The housing market in Lakefield, MN (56150) is a great investment. The median housing value for this area is $160,000, which is significantly lower than the US median house value of $338,100. This makes it an affordable option for those looking to purchase a home. Additionally, the one year house appreciation rate is 9.54%, compared to 8.27% nationally - this suggests that the housing market in Lakefield, MN has potential for appreciation and growth over time. Whether you're looking for a starter home or an investment property, Lakefield's housing market has something to offer everyone!
The median home cost in Lakefield (zip 56150) is $160,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lakefield (zip 56150) is up 14.7%.
Average Age of Homes
- The median age of Lakefield (zip 56150) real estate is 65 years old
The Rental Market in Lakefield (zip 56150)
- Renters make up 17.4% of the Lakefield (zip 56150) population
- 0.6% of houses and apartments in Lakefield (zip 56150), 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.