Crosslake, MN—56442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crosslake, MN
As of Oct '25, the median home price in Crosslake, MN is $581,000, with a year-over-year change of 0.9%. This indicates that home prices in Crosslake, MN are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $581,000 | 0.9% |
| Single Family | $588,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $407,000 | -0.2% |
3 Bed | $637,000 | 1.3% |
4 Bed | $944,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Crosslake, MN
As of July '25, Rentcast reports the average rent in Crosslake, MN is $4,500, with a year-over-year rent change of 100.0%. Per bedroom, the median rent as of July '25 in Crosslake, MN is 4-bedrooms: $4,500. The most common rental property sizes in Crosslake, MN are 2-bedroom and 1-bedroom, accounting for 36.3% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,500 |
| 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 | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Crosslake, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Crosslake, MN is 88. This is a increase of 48.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $799,000 | 11.0% |
Listing Count | 57 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 88 | 48.0% |
Demographics — Crosslake, MN
As of the latest ACS Survey released in 2023, Crosslake, MN has a population of 2,900, which has increased by 28.0% over the past 5 years. Crosslake, MN is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,900 | 28.0% |
% Under 18 | 15.1% | 41.1% |
% Seniors | 39.8% | -2.0% |
% WFH | 17.3% | 60.2% |
% w/ College Degree | 33.9% | 1.2% |
As of the latest ACS Survey released in 2023, Crosslake, MN is a predominantly white area, with 97.3% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Crosslake, MN is asian, making up 0.1% of the population. Foreign-born residents account for 3.1% of the population in Crosslake, MN, and this percentage has increased by Inf% 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 | 97.3% | -1.7% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 3.1% | ∞% |
Mortgage and Risk — Crosslake, MN
According to HUD data as of 2023, there were 71 mortgage originations in Crosslake, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Crosslake, MN. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 38.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Crosslake, MN
Crosslake, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $840 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | -$2,920 | $4,500 | $1,580 |
Affordability — Crosslake, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $581,000 |
| Median Household Income | $85,200 |