The housing market in 56255 Lucan, MN is doing very well. According to the data, the median value of homes in this area is $112,300, which is significantly lower than the US House Median Value of $338,100. On top of that, house appreciation in 56255 Lucan, MN over the last year has been 13.39%, which far exceeds the US 1 year House Appreciation of 8.27%. This indicates that housing prices are increasing rapidly in this area and it's a great time to invest in a property here.
The median home cost in Lucan (zip 56255) is $112,300. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Lucan (zip 56255) is up 12.6%.
Average Age of Homes
- The median age of Lucan (zip 56255) real estate is 61 years old
The Rental Market in Lucan (zip 56255)
- Renters make up 11.3% of the Lucan (zip 56255) population
- 2.0% of houses and apartments in Lucan (zip 56255), 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.