Town Lake Estates, MN 56544 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Town Lake Estates, MN—56544

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$323,000

2.7% YoY Growth

Household Income

$72,700

16.7% YoY Growth

Days on Market

1.0% Shorter 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 — Town Lake Estates, MN

Town Lake Estates, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$323,000	2.7%
Single Family	$323,000	3.2%
Condos	N/A	N/A

Cost per Home Size

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

Rental Trends — Town Lake Estates, MN

Town Lake Estates, 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

Studio

10.1%

1 Bedroom

12.0%

2 Bedrooms

34.3%

3 Bedrooms

30.1%

4 Bedrooms

11.4%

5+ Bedrooms

2.1%

Property Listings — Town Lake Estates, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Town Lake Estates, MN is 60. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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	$400,000	-42.0%
Listing Count	19	8.0%
Listings as % of Homes	0.4%	8.0%
Days on Market	60	-1.0%

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Demographics — Town Lake Estates, MN

As of the latest ACS Survey released in 2023, Town Lake Estates, MN has a population of 5,610, which has increased by 1.4% over the past 5 years. Town Lake Estates, MN is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,610	1.4%
% Under 18	26.1%	-6.8%
% Seniors	19.2%	11.0%
% WFH	10.0%	28.2%
% w/ College Degree	21.0%	2.4%

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As of the latest ACS Survey released in 2023, Town Lake Estates, MN is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Town Lake Estates, MN is black, making up 3.7% of the population. Foreign-born residents account for 1.2% of the population in Town Lake Estates, MN, and this percentage has increased by 71.4% 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	86.4%	-8.5%
% Black	3.7%	640.0%
% Hispanic	1.7%	-41.4%
% Asian	0.2%	0.0%
% Foreign Born	1.2%	71.4%

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Mortgage and Risk — Town Lake Estates, MN

According to HUD data as of 2023, there were 110 mortgage originations in Town Lake Estates, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Town Lake Estates, MN. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	110
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	5.0%
% Second Loans	8.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Town Lake Estates, MN

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

Section 8 Market Size

Total Units under HUD	40
Total Units Section 8	38
% Rentals under Section 8	N/A
% Occupied Section 8	75.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	N/A	N/A	$970
3 Bedroom	N/A	N/A	$1,310
4 Bedroom	N/A	N/A	$1,410

Town Lake Estates, MN—56544

Key Metrics at a Glance

Home Price Trends — Town Lake Estates, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Town Lake Estates, MN

% of Rental Stock

Property Listings — Town Lake Estates, MN

Demographics — Town Lake Estates, MN

Race and Ethnicity

Mortgage and Risk — Town Lake Estates, MN

Mortgages

Rentals and Section 8 — Town Lake Estates, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Town Lake Estates, MN

Home Price to Income Ratio

Town Lake Estates, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Perham, MN

Detroit Lakes, MN

Vergas, MN

Richville, MN

New York Mills, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$323,000
Median Household Income	$72,700

Town Lake Estates, MN—56544

Key Metrics at a Glance

Home Price Trends — Town Lake Estates, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Town Lake Estates, MN

% of Rental Stock

Property Listings — Town Lake Estates, MN

Demographics — Town Lake Estates, MN

Race and Ethnicity

Mortgage and Risk — Town Lake Estates, MN

Mortgages

Rentals and Section 8 — Town Lake Estates, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Town Lake Estates, MN

Home Price to Income Ratio

Town Lake Estates, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Perham, MN

Detroit Lakes, MN

Vergas, MN

Richville, MN

New York Mills, MN

Frequently Asked Questions

What is the average home price in Town Lake Estates, MN 56544?

How have home prices in Town Lake Estates, MN 56544 changed over the past year?

What is the home price projection for Town Lake Estates, MN 56544?

What are the demographics of Town Lake Estates, MN 56544?

How long does it take homes to sell in Town Lake Estates, MN 56544?

What is the average rent price in Town Lake Estates, MN 56544?