Minnesota Lake, MN 56068 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Minnesota Lake, MN—56068

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$203,000

8.6% YoY Growth

Household Income

$69,000

9.9% YoY Growth

Days on Market

106

347.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Minnesota Lake, MN

Minnesota Lake, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$203,000	8.6%
Single Family	$203,000	9.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Minnesota Lake, MN

Minnesota 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

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% of Rental Stock

1 Bedroom

5.8%

2 Bedrooms

22.1%

3 Bedrooms

32.7%

4 Bedrooms

17.3%

5+ Bedrooms

22.1%

Property Listings — Minnesota Lake, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Minnesota Lake, MN is 81. This is a increase of 771.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$144,000	-2.0%
Listing Count	6	162.0%
Listings as % of Homes	1.0%	162.0%
Days on Market	106	347.0%

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Demographics — Minnesota Lake, MN

As of the latest ACS Survey released in 2023, Minnesota Lake, MN has a population of 971, which has decreased by -1.3% over the past 5 years. Minnesota Lake, MN is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	971	-1.3%
% Under 18	18.8%	-1.1%
% Seniors	20.1%	5.8%
% WFH	10.8%	71.4%
% w/ College Degree	23.2%	36.5%

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As of the latest ACS Survey released in 2023, Minnesota Lake, MN is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Minnesota Lake, MN is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.2% of the population in Minnesota Lake, MN, and this percentage has decreased by 33.3% 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	95.9%	-2.9%
% Black	0.0%	N/A
% Hispanic	2.0%	81.8%
% Asian	0.0%	-100.0%
% Foreign Born	0.2%	-33.3%

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Mortgage and Risk — Minnesota Lake, MN

According to HUD data as of 2023, there were 23 mortgage originations in Minnesota Lake, MN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Minnesota Lake, MN. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	23
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Minnesota Lake, MN

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

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	3.8%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$820
2 Bedroom	N/A	N/A	$1,000
3 Bedroom	N/A	N/A	$1,400
4 Bedroom	N/A	N/A	$1,690

Minnesota Lake, MN—56068

Key Metrics at a Glance

Home Price Trends — Minnesota Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minnesota Lake, MN

% of Rental Stock

Property Listings — Minnesota Lake, MN

Demographics — Minnesota Lake, MN

Race and Ethnicity

Mortgage and Risk — Minnesota Lake, MN

Mortgages

Rentals and Section 8 — Minnesota Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Minnesota Lake, MN

Home Price to Income Ratio

Minnesota Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Mapleton, MN

Pemberton, MN

Wells, MN

Saint Clair

Janesville, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$203,000
Median Household Income	$69,000

Minnesota Lake, MN—56068

Key Metrics at a Glance

Home Price Trends — Minnesota Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Minnesota Lake, MN

% of Rental Stock

Property Listings — Minnesota Lake, MN

Demographics — Minnesota Lake, MN

Race and Ethnicity

Mortgage and Risk — Minnesota Lake, MN

Mortgages

Rentals and Section 8 — Minnesota Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Minnesota Lake, MN

Home Price to Income Ratio

Minnesota Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Mapleton, MN

Pemberton, MN

Wells, MN

Saint Clair

Janesville, MN

Frequently Asked Questions

What is the average home price in Minnesota Lake, MN 56068?

How have home prices in Minnesota Lake, MN 56068 changed over the past year?

What is the home price projection for Minnesota Lake, MN 56068?

What are the demographics of Minnesota Lake, MN 56068?

How long does it take homes to sell in Minnesota Lake, MN 56068?

What is the average rent price in Minnesota Lake, MN 56068?