Minnesota Lake, MN—56068
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $206,000 | 7.9% |
| Single Family | $206,000 | 9.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Minnesota Lake, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Minnesota Lake, MN is 126. This is a increase of 132.0% 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 | $215,000 | 24.0% |
Listing Count | 9 | 475.0% |
| Listings as % of Homes | 1.0% | 475.0% |
Days on Market | 126 | 132.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Minnesota Lake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $206,000 |
| Median Household Income | $69,000 |