Sturgeon Lake, MN 55783 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sturgeon Lake, MN—55783

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$266,000

3.2% YoY Growth

Household Income

$79,100

34.4% YoY Growth

Days on Market

59.0% 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 — 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	3.2%
Single Family	$266,000	3.5%
Condos	N/A	N/A

Cost per Home Size

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

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

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% of Rental Stock

1 Bedroom

3.3%

2 Bedrooms

58.3%

3 Bedrooms

30.0%

4 Bedrooms

3.3%

5+ Bedrooms

5.0%

Property Listings — Sturgeon Lake, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Sturgeon Lake, MN is 59. This is a increase of 59.0% 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	$475,000	26.0%
Listing Count	10	26.0%
Listings as % of Homes	0.1%	26.0%
Days on Market	59	59.0%

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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%

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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%

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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%

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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

Sturgeon Lake, MN—55783

Key Metrics at a Glance

Home Price Trends — Sturgeon Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sturgeon Lake, MN

% of Rental Stock

Property Listings — Sturgeon Lake, MN

Demographics — Sturgeon Lake, MN

Race and Ethnicity

Mortgage and Risk — Sturgeon Lake, MN

Mortgages

Rentals and Section 8 — Sturgeon Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sturgeon Lake, MN

Home Price to Income Ratio

Sturgeon Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kettle River, MN

Moose Lake, MN

Cromwell, MN

Barnum, MN

Wright, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$266,000
Median Household Income	$79,100

Sturgeon Lake, MN—55783

Key Metrics at a Glance

Home Price Trends — Sturgeon Lake, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sturgeon Lake, MN

% of Rental Stock

Property Listings — Sturgeon Lake, MN

Demographics — Sturgeon Lake, MN

Race and Ethnicity

Mortgage and Risk — Sturgeon Lake, MN

Mortgages

Rentals and Section 8 — Sturgeon Lake, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sturgeon Lake, MN

Home Price to Income Ratio

Sturgeon Lake, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kettle River, MN

Moose Lake, MN

Cromwell, MN

Barnum, MN

Wright, MN

Frequently Asked Questions

What is the average home price in Sturgeon Lake, MN 55783?

How have home prices in Sturgeon Lake, MN 55783 changed over the past year?

What is the home price projection for Sturgeon Lake, MN 55783?

What are the demographics of Sturgeon Lake, MN 55783?

How long does it take homes to sell in Sturgeon Lake, MN 55783?

What is the average rent price in Sturgeon Lake, MN 55783?