Lake City, MN—55041
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$311,000
3.3% YoY Growth
Household Income
$83,700
31.9% YoY Growth
Days on Market
76
15.0% Longer YoY
Home Price Forecast
1.5%
Median Rent
$2,000
6.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$795
N/A
3-Bed Rent
$2,000
N/A
Home Price Trends — Lake City, MN
As of Dec '25, the median home price in Lake City, MN is $311,000, with a year-over-year change of 3.3%. This indicates that home prices in Lake City, MN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 3.3% |
| Single Family | $311,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |