Sturgeon Lake, MN—55783
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sturgeon Lake, MN
Sturgeon Lake, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | 2.9% |
| Single Family | $266,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 2.8% |
3 Bed | $313,000 | 1.6% |
4 Bed | $385,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sturgeon Lake, MN
Sturgeon Lake, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Sturgeon Lake, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sturgeon Lake, MN is 55. This is a increase of 62.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $460,000 | 19.0% |
Listing Count | 12 | 41.0% |
| Listings as % of Homes | 0.1% | 41.0% |
Days on Market | 55 | 62.0% |
Demographics — Sturgeon Lake, MN
As of the latest ACS Survey released in 2023, Sturgeon Lake, MN has a population of 2,490, which has increased by 3.9% over the past 5 years. Sturgeon Lake, MN is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,490 | 3.9% |
% Under 18 | 17.4% | -13.4% |
% Seniors | 28.2% | 5.6% |
% WFH | 9.4% | 84.3% |
% w/ College Degree | 21.3% | 10.9% |
As of the latest ACS Survey released in 2023, Sturgeon Lake, MN is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Sturgeon Lake, MN is black, making up 3.2% of the population. Foreign-born residents account for 1.2% of the population in Sturgeon Lake, MN, and this percentage has decreased by 36.8% 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 | 89.7% | -7.4% |
% Black | 3.2% | 966.7% |
% Hispanic | 1.4% | 133.3% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 1.2% | -36.8% |
Mortgage and Risk — Sturgeon Lake, MN
According to HUD data as of 2023, there were 70 mortgage originations in Sturgeon Lake, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Sturgeon Lake, MN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 26.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Sturgeon Lake, MN
Sturgeon Lake, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Sturgeon Lake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $266,000 |
| Median Household Income | $79,100 |