What is the median home value in Lake Valley Township, MN?
The median value of owner-occupied homes in Lake Valley Township, MN is $222,400 (±$27,164), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Lake Valley Township, the median home value went from $266,700 in 2015–2019 to $222,400 in 2020–2024 (−16.6%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median home value
- $222,400 (±$27,164)
- Owner-occupied homes
- 108 (±40)
- Most common range
- $200,000 to $299,999
Home values in Lake Valley Township
| Value | Lake Valley Township | Traverse County | Minnesota | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.7% (±6.3 points) | 20.4% | 4.0% | 5.3% |
| $50,000 to $99,999 | 0.9% (±1.4 points) | 23.6% | 3.7% | 6.1% |
| $100,000 to $149,999 | 27.8% (±16.8 points) | 15.3% | 5.2% | 6.8% |
| $150,000 to $199,999 | 5.6% (±4.6 points) | 11.1% | 8.1% | 9.0% |
| $200,000 to $299,999 | 32.4% (±15.8 points) | 14.2% | 22.6% | 17.8% |
| $300,000 to $499,999 | 12.0% (±8.9 points) | 9.1% | 36.9% | 26.9% |
| $500,000 to $999,999 | 17.6% (±12.9 points) | 4.5% | 17.0% | 20.9% |
| $1,000,000 or more | 0.0% (±18.7 points) | 1.9% | 2.6% | 7.1% |
The most common range is $200,000 to $299,999, 32.4% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Lake Valley Township against Traverse County, its state and the nation
| Lake Valley Township | Traverse County | Minnesota | United States | |
|---|---|---|---|---|
| Median home value | $222,400 (±$27,164) | $114,100 (±$12,238) | $329,300 (±$903) | $332,700 |
| Owner-occupied homes | 108 (±40) | 1,073 (±69) | 1,666,687 (±7,556) | 84,210,142 |
In Lake Valley Township, the median home value is higher than in Traverse County ($114,100).
It is also lower than in Minnesota ($329,300).
It is lower than the national figure ($332,700).
In Traverse County, Lake Valley Township ranks 7 of 15 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 1629 of 2,558.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Lake Valley Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $266,700 (±$75,171) | $222,400 (±$27,164) | −16.6% | Down after inflation |
| Median owner cost with a mortgage | $1,634 (±$72) | $1,813 (±$506) | +11.0% | No measurable change after inflation |
| Median real estate taxes | $985 (±$653) | $1,221 (±$367) | +24.0% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Lake Valley Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Lake Valley Township | — | $222,400 (±$27,164) | — |
| Wheaton | 1.3 mi | $87,500 (±$13,876) | Lower |
| Walls Township | 5.9 mi | $115,000 (±$100,404) | Lower |
| Monson Township | 6.3 mi | $80,000 (±$14,451) | Lower |
| Croke Township | 6.6 mi | $225,000 (±$57,055) | Not measurably different |
| Dumont | 7.2 mi | $146,600 (±$93,854) | Not measurably different |
| White Rock Township | 8.3 mi | $265,000 (±$87,089) | Not measurably different |
| Clifton Township (Traverse County) | 9.7 mi | $275,000 (±$169,689) | Not measurably different |
| Windsor Township | 11 mi | $275,000 (±$240,230) | Not measurably different |
Nearby places with a measurably lower figure: Wheaton, MN ($87,500), Walls Township, MN ($115,000), Monson Township, MN ($80,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Traverse County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 (tie) | Clifton Township (Traverse County) | $275,000 (±$169,689) |
| 1 (tie) | Windsor Township | $275,000 (±$240,230) |
| 3 (tie) | Folsom Township | $233,300 (±$36,611) |
| 3 (tie) | Taylor Township (Traverse County) | $233,300 (±$46,345) |
| 5 (tie) | Croke Township | $225,000 (±$57,055) |
| 5 (tie) | Tara Township (Traverse County) | $225,000 (±$126,252) |
| 7 | Lake Valley Township | $222,400 (±$27,164) |
| 8 | Arthur Township (Traverse County) | $212,500 (±$197,730) |
| 9 | Parnell Township (Traverse County) | $162,500 (±$11,054) |
| 10 | Leonardsville Township | $161,100 (±$28,518) |
| 11 | Dumont | $146,600 (±$93,854) |
| 12 | Walls Township | $115,000 (±$100,404) |
| 13 | Wheaton | $87,500 (±$13,876) |
Showing 13 of 15 places in Traverse County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Valley Township
What is the average home value in Lake Valley Township, MN?
The Census Bureau publishes the median: $222,400 (±$27,164) for owner-occupied homes in Lake Valley Township (2020–2024 American Community Survey).
Have home values in Lake Valley Township gone up?
In Lake Valley Township, the median home value went from $266,700 in 2015–2019 to $222,400 in 2020–2024 (−16.6%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Is this what homes in Lake Valley Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Valley township, Traverse County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Valley township, Traverse County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lake Valley township, Traverse County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lake Valley township, Traverse County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake Valley township, Traverse County, Minnesota (county subdivision:35126, in state:27 county:155).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .