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MN area data

Minnesota Lake, MN

Minnesota Lake, MN.

Population: 1,041 (Census ACS)

The median home value in Minnesota Lake, MN is $217,033 — up 7.0% over the past year. Homes sell for a median $198,731 after a median 7 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, coldwave, hail the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$217,033

Median home value

+7.0%

1-year change

7

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$217,033
1-year appreciation
+7.0%
3-year appreciation
+17.5%
5-year appreciation
+41.4%
10-year appreciation
+109.9%
All-time peak (2026-05)
$218,485
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$198,731
Median list price
$125,000
Median price per sqft
$116
1-year sale-price change
-16.3%
Median days on market
7 days
Homes sold (recent period)
6
For-sale inventory
7
Sale-to-list ratio
100.1%
Active listings
7
1-year forecast
+3.9%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$1,016/mo
1BR fair-market rent
$1,023/mo
2BR fair-market rent
$1,230/mo
3BR fair-market rent
$1,703/mo
4BR fair-market rent
$1,744/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
drought, coldWave, hail, strongWind, winterWeather
Notable hazard ratings (county)
hail: Relatively Moderate · drought: Relatively High · tornado: Relatively Low · coldWave: Relatively Moderate · iceStorm: Relatively Low · lightning: Relatively Low
Wildfire risk to homes (county)
Higher than 3% of US counties
Buildings in wildfire direct-exposure zone
35.2%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
33.3 in
Annual snowfall
48.2 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
14
Nearest airport
B & D Flyers International Airport (2 mi)
Hospitals nearby (~15 mi)
10
Hospitals include
MAYO CLINIC HEALTH SYSTEM - ALBERT LEA AND AUSTIN, OWATONNA HOSPITAL, ALLINA HEALTH FARIBAULT MEDICAL CENTER
Avg hospital rating (CMS)
4.7 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+56 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,956
Housing built before 1970
60.0%
Housing built 2000 or later
7.9%
Median annual property tax
$2,091
Mean commute to work
25 min
Households with broadband internet
75.3%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
3,598
Average weekly wage
$1,063
Top industries (by employment)
Other Services, Construction, Finance & Insurance
Annual residential building permits (county)
6

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

Minnesota LakeState medianUS median
Median home value$217,033$300,176$288,527
Median sale price$198,731$315,500$325,000
Median days on market7 days39 days51 days
Median annual property tax$2,091$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Minnesota Lake, MN?
$217,033.
What is the median sale price in Minnesota Lake, MN?
$198,731.
How long do homes take to sell in Minnesota Lake, MN?
Median days on market: 7 days.
What is typical rent in Minnesota Lake, MN?
2-bedroom fair-market rent: $1,230/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Minnesota Lake, MN?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, coldWave, hail, strongWind, winterWeather.
What is the wildfire risk in Minnesota Lake, MN?
Risk to homes is higher than 3% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Minnesota Lake, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Minnesota Lake, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
What is the cost of living in Minnesota Lake, MN?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

ZIP code for Minnesota Lake

Listing a home in Minnesota Lake, MN?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents