Zip 50450 (Lake Mills, IA) Housing

The housing market in Lake Mills, IA (50450) is quite impressive. According to recent data, the median value of a house in this area is $141,000 - significantly lower than the US median of $338,100. Despite this, the one-year appreciation rate for homes here is 11.88%, far higher than the US average of 8.27%. This suggests that now is an excellent time to invest in property in Lake Mills, as the rising value of houses here could provide a great return on investment.

The median home cost in Lake Mills (zip 50450) is $141,000. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Lake Mills (zip 50450) is up 15.9%.

Average Age of Homes

- The median age of Lake Mills (zip 50450) real estate is 57 years old

The Rental Market in Lake Mills (zip 50450)

- Renters make up 21.3% of the Lake Mills (zip 50450) population
- 1.0% of houses and apartments in Lake Mills (zip 50450), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lake Mills, Iowa	United States
	1,395.0	139,647,020.0
	56	42
	$141,000	$338,100
	15.9%	16.6%
	44.9%	57.0%
	64.8%	101.1%
	$14.02	$10.98
	$1,706	$2,690
	64.6%	57.4%
	11.6%	11.2%
	23.8%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	1.4%	0.7%
	0.0%	0.4%
	3.0%	3.6%
	6.2%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.4%	2.4%
	6.5%	2.8%
	13.4%	3.9%
	16.3%	4.5%
	23.1%	11.3%
	16.4%	13.0%
	10.7%	20.1%
	8.0%	13.6%
	2.7%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.5%	13.6%
	7.5%	13.6%
	9.7%	13.6%
	3.3%	13.2%
	23.3%	14.8%
	9.7%	13.6%
	8.5%	10.0%
	2.2%	4.7%
	34.1%	12.2%

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