The housing market in 56253 Lake Lillian, MN is booming. The median value for a house in this area is $245,300, which is significantly lower than the US median value of $338,100. This makes it an attractive option for potential homebuyers. Furthermore, the 1 year house appreciation rate in Lake Lillian is 13.39%, which is higher than the US average of 8.27%. This means that homeowners can expect to see rapid growth in the value of their homes over time. Thus, if you're looking for a place to buy or rent a home with strong appreciation potential and reasonable prices, 56253 Lake Lillian, MN should be highly considered.
The median home cost in Lake Lillian (zip 56253) is $245,300. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Lake Lillian (zip 56253) is up 12.6%.
Average Age of Homes
- The median age of Lake Lillian (zip 56253) real estate is 49 years old
The Rental Market in Lake Lillian (zip 56253)
- Renters make up 9.1% of the Lake Lillian (zip 56253) population
- 0.0% of houses and apartments in Lake Lillian (zip 56253), 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.