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The Lakes, MN Housing

 
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As of 2010-2014, median price of a house in The Lakes is $276,100, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The The Lakes median house value has grown by 138.84% since 2000. The growth rate for the price of a house in The Lakes is much higher than the state average rate of 51.31% and is much higher than the national average rate of 46.91%. The median year that a house in The Lakes was built is 1983, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 296 Owner Occupied Houses in The Lakes, MN, #39
The Lakes, MN
276,100 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #49
The Lakes, MN
138.84%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 The Lakes, MNMinnesotaU.S.
Total Housing Units779, see rank, 100%2,364,149132,741,033
Occupied Housing Units316, 40.56%, see rank89.48%87.55%
Owner Occupied296, 38.00%, see rank64.51%56.34%
Renter Occupied20, 2.57%, see rank24.96%31.21%
Vacant Housing Units463, 59.44%, see rank10.52%12.45%
For Rent5, 0.64%, see rank1.22%2.34%
For Sale Only2, 0.26%, see rank0.96%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use431, 55.33%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant25, 3.21%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #128
The Lakes, MNMinnesotaU.S.
198319751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 The Lakes, MN%MinnesotaU.S.
Owner-Occupied Units296100%1,525,20174,787,460
With a Mortgage15652.70%, see rank68.78%65.58%
Without a Mortgage14047.30%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
The Lakes, MN
1,600 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsThe Lakes, MN%MinnesotaU.S.
$299 or Less00.00%, see rank0.18%0.20%
$300 to $49900.00%, see rank1.30%1.59%
$500 to $69900.00%, see rank4.08%5.01%
$700 to $9991811.54%, see rank12.50%14.32%
$1,000 to $1,4995434.62%, see rank30.43%27.90%
$1,500 to $1,9993522.44%, see rank25.36%20.35%
$2,000 to $2,9994730.13%, see rank19.32%19.52%
$3,000 or More21.28%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
The Lakes, MN
26.80% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 The Lakes, MN%MinnesotaU.S.
10% or Less106.41%, see rank6.13%5.86%
10% to 20%3623.08%, see rank35.03%31.95%
20% to 30%4126.28%, see rank30.01%27.64%
30% to 40%2817.95%, see rank12.88%13.74%
40% or More4126.28%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
The Lakes, MN
514 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsThe Lakes, MN%MinnesotaU.S.
$199 or Less42.86%, see rank4.45%7.76%
$200 to $29996.43%, see rank10.96%14.70%
$300 to $4995237.14%, see rank39.99%34.63%
$500 to $6995640.00%, see rank27.38%21.16%
$700 or More1913.57%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
The Lakes, MN
11.60% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 The Lakes, MN%MinnesotaU.S.
10% or Less6546.43%, see rank43.57%40.19%
10% to 20%3625.71%, see rank31.28%31.47%
20% to 30%2417.14%, see rank11.58%12.24%
30% to 40%128.57%, see rank5.05%5.64%
40% or More32.14%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 The Lakes, MNMinnesotaU.S.
Total Housing Units779, 100%2,364,149132,741,033
1-unit, Detached654, 83.95%, see rank67.25%61.65%
1-unit, Attached8, 1.03%, see rank7.45%5.82%
2 Units0, 0.00%, see rank2.34%3.75%
3 or 4 Units0, 0.00%, see rank2.08%4.43%
5 to 9 Units3, 0.39%, see rank2.23%4.78%
10 or More Units4, 0.51%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.110, 14.12%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 The Lakes, MNMinnesotaU.S.
Total Housing Units779, 100%2,364,149132,741,033
1 Room0, 0.00%, see rank1.54%1.95%
2 Rooms17, 2.18%, see rank2.83%2.48%
3 Rooms102, 13.09%, see rank9.20%9.13%
4 Rooms146, 18.74%, see rank14.05%16.60%
5 Rooms155, 19.90%, see rank15.52%20.41%
6 Rooms125, 16.05%, see rank14.98%18.06%
7 Rooms78, 10.01%, see rank12.86%12.27%
8 Rooms51, 6.55%, see rank11.01%8.48%
9 Rooms or More105, 13.48%, see rank18.01%10.60%
Median Rooms5.30, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 The Lakes, MNMinnesotaU.S.
Total Housing Units779, 100%2,364,149132,741,033
No Bedroom0, 0.00%, see rank1.76%2.17%
1 Bedroom88, 11.30%, see rank11.71%11.16%
2 Bedrooms266, 34.15%, see rank26.64%26.69%
3 Bedrooms317, 40.69%, see rank34.15%39.70%
4 Bedrooms90, 11.55%, see rank19.81%16.05%
5 or More Bedrooms18, 2.31%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 The Lakes, MNMinnesotaU.S.
Total Housing Units316, 100%2,115,337116,211,092
Utility Gas7, 2.22%, see rank66.78%48.85%
Bottled, Tank, or LP Gas231, 73.10%, see rank10.05%4.86%
Electricity49, 15.51%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.21, 6.65%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank2.55%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel5, 1.58%, see rank1.17%0.47%
No Fuel Used3, 0.95%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalThe Lakes, MNMinnesotaU.S.
Occupied Units Paying Rent8, 100%562,19839,201,928
$199 or Less0, 0.00%, see rank2.46%1.50%
$200 to $2990, 0.00%, see rank4.66%3.18%
$300 to $4990, 0.00%, see rank9.32%7.37%
$500 to $6993, 37.50%, see rank17.06%16.01%
$700 to $9995, 62.50%, see rank33.30%29.17%
$1,000 to $1,4990, 0.00%, see rank23.49%26.88%
$1,500 to $1,9990, 0.00%, see rank7.02%9.79%
$2,000 or More0, 0.00%, see rank2.69%6.10%
Median$0, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 The Lakes, MNMinnesotaU.S.
Occupied Housing Units316, 100%2,115,337116,211,092
No Vehicles Available4, 1.27%, see rank7.25%9.12%
1 Vehicles Available63, 19.94%, see rank30.11%33.80%
2 Vehicles Available152, 48.10%, see rank40.67%37.48%
3 or More Vehicles Available97, 30.70%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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