In lakes country, the town of Detroit Lakes marks the hub of some of the best food, culture, and commerce in the western edge of Minnesota.

It should come as no surprise then that some of the best real estate properties are available in the area. 

Here's some background on the city.

There are more than 400 lakes within 25 miles of Detroit Lakes in northwest Minnesota, and many of them feature beautiful lakeside properties. 

Enjoying the great outdoors is easy, with many attractions at hand. There are many parks and nature refuges within a short drive. Downtown features shopping and dining at many specialty shops, boutiques, and local fare eateries in the Detroit Lakes area. 

Detroit Lakes is a very dog-friendly community as well. There's even a Dog Park at 1023 10th Avenue SE in Detroit Lakes. 

LIVING IN DETROIT LAKES

Detroit Lakes is a somewhat small city; population-wise, it is in the hundredth percentile of small towns located in the state of Minnesota. 

Unlike some cities, Detroit Lakes isn't mainly white-collar or blue-collar. 

Instead, the most prevalent occupations for people in Detroit Lakes are a mix of both white- and blue-collar jobs. You'll see a diverse range of professions for such a tight-knit community. 

Overall, Detroit Lakes is a city of service providers, professionals, and sales and office workers. There are especially a lot of people living in Detroit Lakes who work in office and administrative support and healthcare. 

Living and working in Detroit Lakes also means having one of the shortest daily commutes compared to the rest of the country. On average, they spend only 16.5 minutes getting to work every day.

The percentage of people in Detroit Lakes who are college-educated is somewhat higher than the average US community of 21.84%: 27.78% of adults in Detroit Lakes have at least a bachelor's degree.

The people who call Detroit Lakes home belong to a variety of backgrounds. Which, in turn, creates a tapestry of unique businesses and opportunities. 

REAL ESTATE IN DETROIT LAKES

When thinking about moving to Detroit Lakes, the first question that comes to mind is location. For instance, which are the most popular neighborhoods and most convenient located houses near schools and shopping: 

1.Westbury / Richards

2.City Center

3. Shoreham / Bucks Mill

4. Route 10 / N Shore Dr

These areas have been most demanded since 2000 according to value market.

These are all locations with expected growth and plenty of expected comforts. The idea of living on a lake or nearby brings people from all regions of Minnesota and North Dakota. Many residents are transplants from the closest major city, Fargo. 

HOME OWNERSHIP RATE

Though it may be hard to pinpoint all the reasons for the demographics of the market in a unique place like Lakes Country, we can be sure that there is value in living near such natural resources. 

The vast majority of residents are homeowners in the Detroit Lakes area. 56.9% own their own house while the remaining 43.1% of residents either live with someone else or rent. That number is likely due to average market rent: $964 / per month. Mortgages come in at a comparable rate per month. 

If you are looking to buy real estate in Detroit Lakes, there are a few variables such as location and distance to your primary home, type of lake, the setting of the property, condition, and more. It is hard to determine if it is a strict buyer's market or seller's market when considering scarce goods like lake property. Connect with our team and we will help you find your new home.