Zip 55949 (Lanesboro, MN) Housing

The housing market in 55949 Lanesboro, MN is quite favorable compared to the national market. The median value of a house in 55949 Lanesboro is only $266,500, which is significantly lower than the US house median value of $338,100. In addition, the one year house appreciation rate in Lanesboro is 6.78%, which is lower than the US one year house appreciation rate of 8.27%. Therefore, for those looking for a more affordable housing option that still has room to appreciate over time, 55949 Lanesboro appears to be an ideal choice.

The median home cost in Lanesboro (zip 55949) is $266,500. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Lanesboro (zip 55949) is up 11.4%.

Average Age of Homes

- The median age of Lanesboro (zip 55949) real estate is 69 years old

The Rental Market in Lanesboro (zip 55949)

- Renters make up 15.2% of the Lanesboro (zip 55949) population
- 1.0% of houses and apartments in Lanesboro (zip 55949), 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	Lanesboro, Minnesota	United States
	974.0	139,647,020.0
	69	42
	$266,500	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$8.91	$10.98
	$1,736	$2,690
	63.6%	57.4%
	20.8%	11.2%
	15.6%	31.4%
Vacant Housing
	1.0%	1.9%
	0.9%	0.4%
	1.2%	0.7%
	3.6%	0.4%
	10.0%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	1.3%	2.4%
	1.1%	2.8%
	0.5%	3.9%
	7.1%	4.5%
	19.7%	11.3%
	21.5%	13.0%
	17.4%	20.1%
	14.5%	13.6%
	5.7%	8.3%
	6.0%	9.7%
	1.3%	3.9%
	1.3%	2.2%
	1.3%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	11.3%	13.6%
	5.2%	13.2%
	8.3%	14.8%
	11.3%	13.6%
	6.3%	10.0%
	5.6%	4.7%
	42.9%	12.2%

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