Lake City, CO is a great place to invest in housing due to its higher median value and appreciation rate than the national average. The median house value in Lake City is $437,800, which is significantly higher than the US median value of $338,100. Its 1-year house appreciation rate of 11.01% is also greater than the national average of 8.27%, making it an attractive option for potential homebuyers. With its picturesque views and strong market for real estate, Lake City is an ideal spot for those looking to invest in housing.
The median home cost in Lake City is $437,800. Home appreciation the last 10 years has been 139.3%. Home Appreciation in Lake City is up 20.5%.
Average Age of Homes
- The median age of Lake City real estate is 34 years old
The Rental Market in Lake City
- Renters make up 10.9% of the Lake City population
- 0.9% of houses and apartments in Lake City, 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.