Land O Lakes appreciation rates and housing market information

Land O Lakes housing market information

With 986 people, 2,443 houses or apartments, and a median cost of homes of $219,367, Land O Lakes real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Land O Lakes, accounting for 90.91% of the town's housing units. Other types of housing that are prevalent in Land O Lakes include mobile homes or trailers (5.49%), large apartment complexes or high rise apartments (1.88%), duplexes, homes converted to apartments, or other small apartment buildings (0.70%), and a few row houses and other attached homes (0.57%).

Dwellings in Land O Lakes tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 52.48% of the homes in Land O Lakes have two or fewer bedrooms.

There is a lot of housing in Land O Lakes built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Land O Lakes built from 1940-1969 (32.66%). A lesser amount of the housing stock also hails from 1995 and later (17.48%), and some were built from 1939 and earlier (17.48%).

A decent proportion of the Land O Lakes housing stock is seasonally occupied. That is, homes and condos in Land O Lakes are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Land O Lakes housing market speaks to its popularity as a vacation location of choice.

Land O Lakes home appreciation rates

Appreciation rates for homes in Land O Lakes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.22%, which ranks in the top 20% nationwide. This equates to an annual average Land O Lakes house appreciation rate of 10.62%.

Appreciation rates are so strong in Land O Lakes that despite a nationwide downturn in the housing market, Land O Lakes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Land O Lakes appreciation rates continue to be some of the highest in America, at 4.00%, which is higher than appreciation rates in 84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Land O Lakes. Land O Lakes appreciation rates in the latest quarter were at 1.08%, which equates to an annual appreciation rate of 4.32%.

Relative to Wisconsin, our data show that Land O Lakes's latest annual appreciation rate is higher than 99% of the other cities and towns in Wisconsin.