Zip 55043 (Lakeland, MN) Housing

The City of Lakeland in Minnesota (55043) is currently experiencing a median housing value of $354,400. This is slightly higher than the United States' median housing value of $338,100. However, annual house appreciation in Lakeland is only 6.66%, while the national average for house appreciation is 8.27%. Despite this difference, Lakeland has an attractive real estate market as it continues to remain above the US median, showcasing a continuing trend in high property values and stability in the area.

The median home cost in Lakeland (zip 55043) is $354,400. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Lakeland (zip 55043) is up 12.2%.

Average Age of Homes

- The median age of Lakeland (zip 55043) real estate is 45 years old

The Rental Market in Lakeland (zip 55043)

- Renters make up 11.1% of the Lakeland (zip 55043) population
- 0.0% of houses and apartments in Lakeland (zip 55043), 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	Lakeland, Minnesota	United States
	1,652.0	139,647,020.0
	47	42
	$354,400	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$9.30	$10.98
	$2,767	$2,690
	81.7%	57.4%
	7.3%	11.2%
	11.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.5%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	3.9%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	1.3%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	1.9%	11.3%
	8.5%	13.0%
	37.8%	20.1%
	22.8%	13.6%
	15.6%	8.3%
	2.6%	9.7%
	2.9%	3.9%
	3.5%	2.2%
	0.7%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.0%	13.6%
	8.0%	13.6%
	10.1%	13.6%
	15.6%	13.2%
	24.5%	14.8%
	10.1%	13.6%
	10.0%	10.0%
	6.5%	4.7%
	12.8%	12.2%

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