Howard Lake, MN—55349
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Howard Lake, MN
As of Oct '25, the median home price in Howard Lake, MN is $336,000, with a year-over-year change of 4.1%. This indicates that home prices in Howard 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 | $336,000 | 4.1% |
| Single Family | $336,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $281,000 | 4.9% |
3 Bed | $329,000 | 4.4% |
4 Bed | $387,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Howard Lake, MN
As of July '25, Rentcast reports the average rent in Howard Lake, MN is $2,500, with a year-over-year rent change of 61.3%. Per bedroom, the median rent as of July '25 in Howard Lake, MN is 4-bedrooms: $2,500. The most common rental property sizes in Howard Lake, MN are 2-bedroom and 1-bedroom, accounting for 42.7% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Howard Lake, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Howard Lake, MN is 49. This is a increase of 4.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | 3.0% |
Listing Count | 17 | -37.0% |
| Listings as % of Homes | 1.3% | -37.0% |
Days on Market | 49 | 4.0% |
Demographics — Howard Lake, MN
As of the latest ACS Survey released in 2023, Howard Lake, MN has a population of 3,560, which has decreased by -8.4% over the past 5 years. Howard Lake, MN is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 22.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,560 | -8.4% |
% Under 18 | 20.3% | -10.6% |
% Seniors | 20.8% | 22.4% |
% WFH | 13.8% | 119.0% |
% w/ College Degree | 22.2% | 23.3% |
As of the latest ACS Survey released in 2023, Howard Lake, MN is a predominantly white area, with 95.5% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Howard Lake, MN is hispanic, making up 1.1% of the population. Foreign-born residents account for 2.0% of the population in Howard Lake, MN, and this percentage has decreased by 9.1% 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 | 95.5% | 2.6% |
% Black | 0.1% | -92.9% |
% Hispanic | 1.1% | -71.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.0% | -9.1% |
Mortgage and Risk — Howard Lake, MN
According to HUD data as of 2023, there were 114 mortgage originations in Howard Lake, MN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Howard Lake, MN. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Howard Lake, MN
Howard Lake, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | -$260 | $2,500 | $2,240 |
Affordability — Howard Lake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $336,000 |
| Median Household Income | $100,000 |