Lanesboro, MN—55949
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lanesboro, MN
As of Oct '25, the median home price in Lanesboro, MN is $329,000, with a year-over-year change of 2.0%. This indicates that home prices in Lanesboro, MN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | 2.0% |
| Single Family | $333,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 1.6% |
3 Bed | $314,000 | 2.3% |
4 Bed | $394,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lanesboro, MN
Lanesboro, 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 — Lanesboro, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lanesboro, MN is 83. This is a increase of 32.0% 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 73.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | 28.0% |
Listing Count | 11 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 83 | 32.0% |
Demographics — Lanesboro, MN
As of the latest ACS Survey released in 2023, Lanesboro, MN has a population of 1,920, which has increased by 11.1% over the past 5 years. Lanesboro, MN is a popular place for families, as children make up 25.8% of the population. The area has a moderately educated workforce, with 36.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,920 | 11.1% |
% Under 18 | 25.8% | 5.7% |
% Seniors | 22.3% | -2.6% |
% WFH | 10.3% | 6.2% |
% w/ College Degree | 36.0% | 27.2% |
As of the latest ACS Survey released in 2023, Lanesboro, MN is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Lanesboro, MN is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.2% of the population in Lanesboro, MN, and this percentage has decreased by 14.3% 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 | 95.2% | -2.3% |
% Black | 0.2% | -66.7% |
% Hispanic | 1.6% | 14.3% |
% Asian | 0.5% | ∞% |
% Foreign Born | 1.2% | -14.3% |
Mortgage and Risk — Lanesboro, MN
Lanesboro, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lanesboro, MN
Lanesboro, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 15.1% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Lanesboro, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $329,000 |
| Median Household Income | $80,400 |