White Bear Lake, MN—55110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — White Bear Lake, MN
As of Oct '25, the median home price in White Bear Lake, MN is $369,000, with a year-over-year change of 1.7%. This indicates that home prices in White Bear Lake, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $369,000 | 1.7% |
| Single Family | $374,000 | 1.9% |
| Condos | $220,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $255,000 | 4.5% |
2 Bed | $287,000 | 1.4% |
3 Bed | $357,000 | 2.0% |
4 Bed | $429,000 | 1.7% |
| 5 Bed | $577,000 | 2.3% |
% of Housing Stock
Rental Trends — White Bear Lake, MN
As of July '25, Rentcast reports the average rent in White Bear Lake, MN is $1,910, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in White Bear Lake, MN is studios: $1,300, 1-bedrooms: $1,110, 2-bedrooms: $1,710, 3-bedrooms: $2,700, 4-bedrooms: $3,090. The most common rental property sizes in White Bear Lake, MN are 2-bedroom and 1-bedroom, accounting for 45.7% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,910 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,180 | $1,110 |
| 2 Bed Rent | $1,480 | $1,710 |
| 3 Bed Rent | $2,400 | $2,700 |
| 4 Bed Rent | $3,000 | $3,090 |
% of Rental Stock
Property Listings — White Bear Lake, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in White Bear Lake, MN is 38. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 4.0% |
Listing Count | 138 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 38 | 8.0% |
Demographics — White Bear Lake, MN
As of the latest ACS Survey released in 2023, White Bear Lake, MN has a population of 37,300, which has decreased by -7.6% over the past 5 years. White Bear Lake, MN is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 46.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | -7.6% |
% Under 18 | 21.9% | 3.3% |
% Seniors | 21.7% | 14.2% |
% WFH | 18.5% | 262.7% |
% w/ College Degree | 46.0% | 15.6% |
As of the latest ACS Survey released in 2023, White Bear Lake, MN is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in White Bear Lake, MN is hispanic, making up 5.5% of the population. Foreign-born residents account for 5.0% of the population in White Bear Lake, MN, and this percentage has increased by 6.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.0% | -6.4% |
% Black | 2.3% | 35.3% |
% Hispanic | 5.5% | 96.4% |
% Asian | 3.4% | -5.6% |
% Foreign Born | 5.0% | 6.4% |
Mortgage and Risk — White Bear Lake, MN
According to HUD data as of 2023, there were 676 mortgage originations in White Bear Lake, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in White Bear Lake, MN. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 676 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — White Bear Lake, MN
As of 2024, the percent of homes in White Bear Lake, MN under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in White Bear Lake, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 292 |
Total Units Section 8 | 245 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 96.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,180 | $1,290 |
| 2 Bedroom | $90 | $1,480 | $1,570 |
| 3 Bedroom | -$310 | $2,400 | $2,090 |
| 4 Bedroom | -$660 | $3,000 | $2,340 |
Affordability — White Bear Lake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $369,000 |
| Median Household Income | $97,200 |