Zip 55041 (Lake City, MN) Housing

The median value of housing in Lake City, MN (55041) is $288,600, which is significantly lower than the US housing median value of $338,100. Additionally, the one-year house appreciation rate in Lake City was 6.66%, slightly below the national average of 8.27%. This information indicates that housing in Lake City is more affordable than many other parts of the country but has a slightly slower appreciation rate year-over-year.

The median home cost in Lake City (zip 55041) is $288,600. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Lake City (zip 55041) is up 12.2%.

Average Age of Homes

- The median age of Lake City (zip 55041) real estate is 44 years old

The Rental Market in Lake City (zip 55041)

- Renters make up 15.4% of the Lake City (zip 55041) population
- 1.2% of houses and apartments in Lake City (zip 55041), 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 City, Minnesota	United States
	3,799.0	139,647,020.0
	47	42
	$288,600	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$11.16	$10.98
	$2,520	$2,690
	68.4%	57.4%
	13.1%	11.2%
	18.5%	31.4%
Vacant Housing
	1.2%	1.9%
	0.2%	0.4%
	0.1%	0.7%
	0.2%	0.4%
	11.0%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	0.5%	2.4%
	1.3%	2.8%
	1.8%	3.9%
	4.1%	4.5%
	9.5%	11.3%
	19.6%	13.0%
	25.5%	20.1%
	19.0%	13.6%
	7.7%	8.3%
	2.9%	9.7%
	1.5%	3.9%
	0.9%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.7%	13.6%
	20.7%	13.6%
	10.2%	13.6%
	6.6%	13.2%
	14.9%	14.8%
	10.2%	13.6%
	7.3%	10.0%
	6.9%	4.7%
	21.2%	12.2%

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