Lake of the Woods First-Time Homebuyer Report for October

Lake of the Woods is a city that is growing faster than others in California at a 10-year growth rate of 6.3%. It also has a smaller-than-average population of 917 people. Homes in Lake of the Woods are relatively old with a median age of 39 years.

Price Range

Lake of the Woods has some of the more affordable homes in the state with a median home value of $108,600 and a current average list price of $157,164. The number of sellers who put their homes up for sale in the Lake of the Woods market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again one home was sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lake of the Woods:

$144K   $249K  

Typical Dwelling

A three-bedroom detached home valued around $192,329 is considered a typical dwelling in Lake of the Woods. If a buyer was looking for a similar home, they would need good credit and a $38,466 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $512 and the property tax rate is $11.82 per $1,000 of taxable assessed value.

Get started right now by checking out Lake of the Woods homes for sale or reviewing Lake of the Woods real estate trends.


Data reported through 10/13/2016

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