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 867 people, 332 houses or apartments, and a median cost of homes of $399,225, Battle Lake real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Battle Lake, accounting for 75.95% of the city's housing units. Other types of housing that are prevalent in Battle Lake include large apartment complexes or high rise apartments ( 20.49%), duplexes, homes converted to apartments or other small apartment buildings ( 1.78%), and a few row houses and other attached homes ( 1.78%).
The most prevalent building size and type in Battle Lake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.85% owning and 38.15% renting.
There is a lot of housing in Battle Lake 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 Battle Lake built before 1939 ( 23.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.72%). There's also some housing in Battle Lake built between 1940-1969 ( 17.37%).
Vacant housing appears to be an issue in Battle Lake. Fully 26.06% of the housing stock is classified as vacant. Left unchecked, vacant Battle Lake homes and apartments can be a drag on the real estate market, holding Battle Lake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Battle Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.28%, which ranks in the top 40% nationwide. This equates to an annual average Battle Lake house appreciation rate of 7.03%.
NeighborhoodScout's data show that during the latest twelve months, Battle Lake's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Battle Lake's appreciation rate has been 4.64%, which annualizes to a rate of 19.89%.
Importantly, this makes Battle Lake one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that Battle Lake's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.
$399,225
for Minnesota
for nation
332
$1,414 / per month