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  4. /Round Lake, MN - 56167

Round Lake, MN—56167

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$172,000
9.1% YoY Growth
Household Income
$68,600
23.6% YoY Growth
Days on Market
27
61.0% Shorter YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Round Lake, MN

Round Lake, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$172,0009.1%
Single Family $172,0008.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A

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  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    9.8%
    2 Bedrooms
    24.3%
    3 Bedrooms
    54.3%
    4 Bedrooms
    10.1%
    5+ Bedrooms
    1.6%

    Rental Trends — Round Lake, MN

    Round Lake, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    25.5%
    2 Bedrooms
    34.5%
    3 Bedrooms
    40.0%

    Property Listings — Round Lake, MN

    Round Lake, MN lacks sufficient listing trend data for analysis.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$115,00033.0%
    Listing Count
    		0-50.0%
    Listings as % of Homes0.9%-50.0%
    Days on Market
    		27-61.0%
    Loading chart...

    Demographics — Round Lake, MN

    As of the latest ACS Survey released in 2023, Round Lake, MN has a population of 615, which has decreased by -19.3% over the past 5 years. Round Lake, MN is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		615-19.3%
    % Under 18
    		15.4%-29.7%
    % Seniors
    		22.8%7.0%
    % WFH
    		11.1%0.0%
    % w/ College Degree
    		14.8%19.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Round Lake, MN is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Round Lake, MN is hispanic, making up 6.8% of the population. Foreign-born residents account for 5.7% of the population in Round Lake, MN, and this percentage has increased by 128.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.5%-5.1%
    % Black
    		1.1%∞%
    % Hispanic
    		6.8%119.4%
    % Asian
    		0.2%-75.0%
    % Foreign Born
    		5.7%128.0%
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    Mortgage and Risk — Round Lake, MN

    Round Lake, MN lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    Rentals and Section 8 — Round Lake, MN

    Round Lake, MN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		10
    Total Units Section 8
    		10
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$730
    2 BedroomN/AN/A$960
    3 BedroomN/AN/A$1,170
    4 BedroomN/AN/A$1,280

    Affordability — Round Lake, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$172,000
    Median Household Income$68,600

    Round Lake, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    51345

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    51347

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    56187

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    56117

    Frequently Asked Questions