Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 974 people, 422 houses or apartments, and a median cost of homes of $317,873, 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 93.50% of the town's housing units. Other types of housing that are prevalent in Land O'Lakes include mobile homes or trailers ( 3.10%), large apartment complexes or high rise apartments ( 1.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.06%).
Dwellings in Land O'Lakes tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.28% 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 to 1999 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 between 1940-1969 ( 28.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.41%). There's also some housing in Land O'Lakes built before 1939 ( 11.19%).
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.
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 93.47%, which ranks in the top 50% nationwide. This equates to an annual average Land O'Lakes house appreciation rate of 6.82%.
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 8.68%, which is higher than appreciation rates in 77.73% 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 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Land O'Lakes's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.
$317,873
for Wisconsin
for nation
422
$1,212 / per month