Madison Lake, MN is a desirable area to live in and it shows in the housing median value. The housing median value is $393,400 compared to the US housing median value of $338,100. This is a 16.32% difference between the two, indicating that Madison Lake has become more desirable than other areas of the US. Furthermore, the one year house appreciation in Madison Lake is 11.33%, which is higher than the US one year house appreciation rate of 8.27%. This further supports that Madison Lake is a great place to invest in housing as prices are on an upward trend and will likely continue to rise over time.
The median home cost in Madison Lake (zip 56063) is $393,400. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Madison Lake (zip 56063) is up 11.6%.
Average Age of Homes
- The median age of Madison Lake (zip 56063) real estate is 36 years old
The Rental Market in Madison Lake (zip 56063)
- Renters make up 13.6% of the Madison Lake (zip 56063) population
- 0.0% of houses and apartments in Madison Lake (zip 56063), 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.