Zip 56297 (Wood Lake, MN) Housing

The housing market in 56297 Wood Lake, MN is thriving. According to the most recent census data, the median value of a house in 56297 Wood Lake is $133,600, significantly lower than the US median value of $338,100. Not only that, but while the US saw a one year appreciation rate of 8.27%, Wood Lake's houses appreciated by 13.39%. This means that homes in Wood Lake are appreciating at a faster rate than those across the country. It appears that now is a great time to purchase a home or invest in real estate in 56297 Wood Lake!

The median home cost in Wood Lake (zip 56297) is $133,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Wood Lake (zip 56297) is up 12.6%.

Average Age of Homes

- The median age of Wood Lake (zip 56297) real estate is 64 years old

The Rental Market in Wood Lake (zip 56297)

- Renters make up 16.6% of the Wood Lake (zip 56297) population
- 0.0% of houses and apartments in Wood Lake (zip 56297), 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	Wood Lake, Minnesota	United States
	354.0	139,647,020.0
	76	42
	$133,600	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$10.97	$10.98
	$1,104	$2,690
	81.6%	57.4%
	9.0%	11.2%
	9.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	7.3%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	4.8%	2.4%
	9.7%	2.8%
	17.0%	3.9%
	17.0%	4.5%
	11.8%	11.3%
	12.1%	13.0%
	15.2%	20.1%
	5.2%	13.6%
	2.4%	8.3%
	2.4%	9.7%
	0.0%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	10.2%	13.6%
	6.8%	13.2%
	5.9%	14.8%
	10.2%	13.6%
	12.7%	10.0%
	13.6%	4.7%
	43.2%	12.2%

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