Zip 56501 (Detroit Lakes, MN) Housing

Detroit Lakes, MN (56501) has a median housing value of $331,700 which is slightly lower than the US median housing value of $338,100. However, the house appreciation rate for the past year in Detroit Lakes is 8.21%, which is very close to the US average of 8.27%. This indicates that the housing market in Detroit Lakes is stable and offers potential for growth over time.

The median home cost in Detroit Lakes (zip 56501) is $331,700. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Detroit Lakes (zip 56501) is up 13.6%.

Average Age of Homes

- The median age of Detroit Lakes (zip 56501) real estate is 42 years old

The Rental Market in Detroit Lakes (zip 56501)

- Renters make up 18.8% of the Detroit Lakes (zip 56501) population
- 1.1% of houses and apartments in Detroit Lakes (zip 56501), 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	Detroit Lakes, Minnesota	United States
	9,837.0	139,647,020.0
	44	42
	$331,700	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$7.80	$10.98
	$1,889	$2,690
	55.0%	57.4%
	26.0%	11.2%
	19.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.1%	0.4%
	22.9%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	2.1%	2.4%
	1.1%	2.8%
	2.8%	3.9%
	1.9%	4.5%
	13.2%	11.3%
	16.4%	13.0%
	23.3%	20.1%
	14.4%	13.6%
	6.8%	8.3%
	10.5%	9.7%
	2.4%	3.9%
	2.4%	2.2%
	0.1%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	17.3%	13.6%
	17.3%	13.6%
	11.6%	13.6%
	7.4%	13.2%
	15.7%	14.8%
	11.6%	13.6%
	9.1%	10.0%
	6.6%	4.7%
	12.7%	12.2%

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