Zip 56554 (Lake Park, MN) Housing

The housing market in 56554 Lake Park, MN is on par with the US average. The median value of a home in the area is $360,300, which is slightly higher than the US median of $338,100. The one year appreciation rate for homes in this area is 8.21%, compared to the national average of 8.27%. This suggests that the housing market in Lake Park is keeping up with the pace of other cities and towns across the country.

The median home cost in Lake Park (zip 56554) is $360,300. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Lake Park (zip 56554) is up 13.6%.

Average Age of Homes

- The median age of Lake Park (zip 56554) real estate is 41 years old

The Rental Market in Lake Park (zip 56554)

- Renters make up 7.0% of the Lake Park (zip 56554) population
- 0.2% of houses and apartments in Lake Park (zip 56554), 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	Lake Park, Minnesota	United States
	1,798.0	139,647,020.0
	45	42
	$360,300	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$6.63	$10.98
	$1,685	$2,690
	55.6%	57.4%
	39.0%	11.2%
	5.4%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.4%	0.4%
	36.7%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.0%	2.4%
	2.6%	2.8%
	1.6%	3.9%
	4.9%	4.5%
	10.8%	11.3%
	14.7%	13.0%
	19.2%	20.1%
	14.2%	13.6%
	12.6%	8.3%
	10.3%	9.7%
	4.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	12.5%	13.6%
	12.5%	13.6%
	11.0%	13.6%
	10.4%	13.2%
	19.3%	14.8%
	11.0%	13.6%
	5.5%	10.0%
	3.2%	4.7%
	17.1%	12.2%

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