Town Lake Estates, MN—56544
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Town Lake Estates, MN
Town Lake Estates, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 2.3% |
| Single Family | $326,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $282,000 | 3.3% |
3 Bed | $311,000 | 3.0% |
4 Bed | $394,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Town Lake Estates, MN
Town Lake Estates, 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 — Town Lake Estates, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Town Lake Estates, MN is 101. This is a increase of 20.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -42.0% |
Listing Count | 21 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 101 | 20.0% |
Demographics — Town Lake Estates, MN
As of the latest ACS Survey released in 2023, Town Lake Estates, MN has a population of 5,610, which has increased by 1.4% over the past 5 years. Town Lake Estates, MN is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,610 | 1.4% |
% Under 18 | 26.1% | -6.8% |
% Seniors | 19.2% | 11.0% |
% WFH | 10.0% | 28.2% |
% w/ College Degree | 21.0% | 2.4% |
As of the latest ACS Survey released in 2023, Town Lake Estates, MN is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Town Lake Estates, MN is black, making up 3.7% of the population. Foreign-born residents account for 1.2% of the population in Town Lake Estates, MN, and this percentage has increased by 71.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.4% | -8.5% |
% Black | 3.7% | 640.0% |
% Hispanic | 1.7% | -41.4% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.2% | 71.4% |
Mortgage and Risk — Town Lake Estates, MN
According to HUD data as of 2023, there were 110 mortgage originations in Town Lake Estates, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Town Lake Estates, MN. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Town Lake Estates, MN
Town Lake Estates, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Town Lake Estates, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $326,000 |
| Median Household Income | $72,700 |