Madison Lake, MN—56063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madison Lake, MN
As of Nov '25, the median home price in Madison Lake, MN is $428,000, with a year-over-year change of 5.5%. This indicates that home prices in Madison Lake, MN are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $428,000 | 5.5% |
| Single Family | $432,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $328,000 | 3.5% |
3 Bed | $422,000 | 6.0% |
4 Bed | $549,000 | 5.0% |
| 5 Bed | $654,867 | 4.2% |
% of Housing Stock
Rental Trends — Madison Lake, MN
As of July '25, Rentcast reports the average rent in Madison Lake, MN is $1,220, with a year-over-year rent change of -31.8%. Per bedroom, the median rent as of July '25 in Madison Lake, MN is 2-bedrooms: $1,220. The most common rental property sizes in Madison Lake, MN are 2-bedroom and 3-bedroom, accounting for 33.0% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,150 | $1,220 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Madison Lake, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Madison Lake, MN is 60. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter 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 | $287,000 | -30.0% |
Listing Count | 19 | 5.0% |
| Listings as % of Homes | 0.7% | 5.0% |
Days on Market | 60 | -29.0% |
Demographics — Madison Lake, MN
As of the latest ACS Survey released in 2023, Madison Lake, MN has a population of 3,060, which has increased by 9.3% over the past 5 years. Madison Lake, MN is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 39.5% 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 | 3,060 | 9.3% |
% Under 18 | 26.0% | 42.9% |
% Seniors | 22.3% | 14.4% |
% WFH | 10.8% | 145.5% |
% w/ College Degree | 39.5% | 3.9% |
As of the latest ACS Survey released in 2023, Madison Lake, MN is a predominantly white area, with 92.5% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Madison Lake, MN is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.6% of the population in Madison Lake, MN, and this percentage has decreased by 15.8% 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 | 92.5% | -3.6% |
% Black | 1.0% | 0.0% |
% Hispanic | 1.8% | 157.1% |
% Asian | 0.5% | -50.0% |
% Foreign Born | 1.6% | -15.8% |
Mortgage and Risk — Madison Lake, MN
Madison Lake, 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 |
Rentals and Section 8 — Madison Lake, MN
Madison Lake, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | $20 | $1,150 | $1,170 |
| 3 Bedroom | N/A | N/A | $1,640 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Madison Lake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $428,000 |
| Median Household Income | $100,000 |