Big Lake, MN 55309 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Big Lake, MN—55309

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$362,000

1.7% YoY Growth

Household Income

$118,000

33.7% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$1,300

24.1% YoY Growth

1-Bed Rent

$1,040

N/A

2-Bed Rent

$1,520

4.6% YoY Growth

3-Bed Rent

$1,900

5.5% YoY Growth

Home Price Trends — Big Lake, MN

As of Dec '25, the median home price in Big Lake, MN is $362,000, with a year-over-year change of 1.7%. This indicates that home prices in Big Lake, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$362,000	1.7%
Single Family	$362,000	1.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Big Lake, MN

As of July '25, Rentcast reports the average rent in Big Lake, MN is $1,420, with a year-over-year rent change of -24.1%. Per bedroom, the median rent as of July '25 in Big Lake, MN is 1-bedrooms: $1,060, 2-bedrooms: $1,590, 3-bedrooms: $1,900. The most common rental property sizes in Big Lake, MN are 2-bedroom and 3-bedroom, accounting for 38.6% and 28.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,420
Studio Rent	N/A	N/A
1 Bed Rent	$1,040	$1,060
2 Bed Rent	$1,520	$1,590
3 Bed Rent	$1,900	$1,900
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

15.0%

2 Bedrooms

38.6%

3 Bedrooms

28.7%

4 Bedrooms

16.8%

5+ Bedrooms

0.9%

Property Listings — Big Lake, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Big Lake, MN is 50. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$386,000	-6.0%
Listing Count	53	-22.0%
Listings as % of Homes	0.7%	-22.0%
Days on Market	51	1.0%

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Demographics — Big Lake, MN

As of the latest ACS Survey released in 2023, Big Lake, MN has a population of 21,400, which has increased by 13.3% over the past 5 years. Big Lake, MN is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	21,400	13.3%
% Under 18	26.5%	-10.5%
% Seniors	8.5%	2.4%
% WFH	11.4%	52.0%
% w/ College Degree	31.2%	1.6%

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As of the latest ACS Survey released in 2023, Big Lake, MN is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Big Lake, MN is hispanic, making up 4.5% of the population. Foreign-born residents account for 2.6% of the population in Big Lake, MN, and this percentage has decreased by 3.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	89.5%	-2.2%
% Black	1.9%	280.0%
% Hispanic	4.5%	-15.1%
% Asian	0.8%	-11.1%
% Foreign Born	2.6%	-3.7%

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Mortgage and Risk — Big Lake, MN

According to HUD data as of 2023, there were 593 mortgage originations in Big Lake, MN, of which 84.0% 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 Big Lake, MN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	593
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Big Lake, MN

Big Lake, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	23
Total Units Section 8	23
% Rentals under Section 8	3.3%
% Occupied Section 8	96.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$360	$1,040	$1,400
2 Bedroom	$190	$1,520	$1,710
3 Bedroom	$380	$1,900	$2,280
4 Bedroom	N/A	N/A	$2,550

Big Lake, MN—55309

Key Metrics at a Glance

Home Price Trends — Big Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Big Lake, MN

% of Rental Stock

Property Listings — Big Lake, MN

Demographics — Big Lake, MN

Race and Ethnicity

Mortgage and Risk — Big Lake, MN

Mortgages

Rentals and Section 8 — Big Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Big Lake, MN

Home Price to Income Ratio

Big Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Becker, MN

Monticello, MN

Albertville, MN

Zimmerman, MN

Saint Michael, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$362,000
Median Household Income	$118,000

Big Lake, MN—55309

Key Metrics at a Glance

Home Price Trends — Big Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Big Lake, MN

% of Rental Stock

Property Listings — Big Lake, MN

Demographics — Big Lake, MN

Race and Ethnicity

Mortgage and Risk — Big Lake, MN

Mortgages

Rentals and Section 8 — Big Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Big Lake, MN

Home Price to Income Ratio

Big Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Becker, MN

Monticello, MN

Albertville, MN

Zimmerman, MN

Saint Michael, MN

Frequently Asked Questions

What is the average home price in Big Lake, MN 55309?

How have home prices in Big Lake, MN 55309 changed over the past year?

What is the home price projection for Big Lake, MN 55309?

What are the demographics of Big Lake, MN 55309?

How long does it take homes to sell in Big Lake, MN 55309?

What is the average rent price in Big Lake, MN 55309?