Zip 56159 (Mountain Lake, MN) Housing

The housing market in 56159 Mountain Lake, MN is very strong. The median value of a house in this area is $134,600, which is significantly lower than the US median house value of $338,100. However, the 1 year appreciation rate for houses in this area is 9.54%, which is higher than the 8.27% national average. This indicates that it may be a good time to invest in a home in 56159 Mountain Lake, MN as prices are likely to rise further over the coming years.

The median home cost in Mountain Lake (zip 56159) is $134,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Mountain Lake (zip 56159) is up 14.7%.

Average Age of Homes

- The median age of Mountain Lake (zip 56159) real estate is 59 years old

The Rental Market in Mountain Lake (zip 56159)

- Renters make up 17.6% of the Mountain Lake (zip 56159) population
- 1.6% of houses and apartments in Mountain Lake (zip 56159), 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	Mountain Lake, Minnesota	United States
	1,096.0	139,647,020.0
	61	42
	$134,600	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$13.19	$10.98
	$1,413	$2,690
	71.0%	57.4%
	10.6%	11.2%
	18.4%	31.4%
Vacant Housing
	1.6%	1.9%
	1.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	1.4%	2.4%
	12.7%	2.8%
	17.1%	3.9%
	14.3%	4.5%
	22.8%	11.3%
	13.2%	13.0%
	10.0%	20.1%
	3.9%	13.6%
	1.9%	8.3%
	0.1%	9.7%
	0.1%	3.9%
	1.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	1.8%	13.6%
	1.8%	13.6%
	3.7%	13.6%
	6.2%	13.2%
	17.3%	14.8%
	3.7%	13.6%
	12.8%	10.0%
	3.8%	4.7%
	32.8%	12.2%

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