Zip 55612 (Lutsen, MN) Housing

Housing in 55612 Lutsen, MN is thriving. The median value of a home in this area is $361,800, significantly higher than the US median of $338,100. Additionally, the 1 year appreciation rate for housing in 55612 Lutsen, MN is 12.16%, much higher than the national rate of 8.27%. This indicates an active and healthy housing market with strong prospects for future growth. With these figures and overall trend in mind, it seems like a great time to invest in housing in 55612 Lutsen, MN!

The median home cost in Lutsen (zip 55612) is $361,800. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Lutsen (zip 55612) is up 13.9%.

Average Age of Homes

- The median age of Lutsen (zip 55612) real estate is 30 years old

The Rental Market in Lutsen (zip 55612)

- Renters make up 15.4% of the Lutsen (zip 55612) population
- 0.0% of houses and apartments in Lutsen (zip 55612), 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	Lutsen, Minnesota	United States
	1,086.0	139,647,020.0
	34	42
	$361,800	$338,100
	13.9%	16.6%
	49.8%	57.0%
	70.1%	101.1%
	$8.53	$10.98
	$2,509	$2,690
	18.6%	57.4%
	78.5%	11.2%
	2.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	78.5%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	2.5%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	3.0%	11.3%
	5.9%	13.0%
	38.6%	20.1%
	10.9%	13.6%
	20.8%	8.3%
	9.9%	9.7%
	5.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.6%	13.6%
	14.6%	13.6%
	22.8%	13.6%
	13.5%	13.2%
	6.2%	14.8%
	22.8%	13.6%
	6.5%	10.0%
	10.0%	4.7%
	9.7%	12.2%

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