Bingham Lake, MN
Full City Profile · Minnesota · Jackson County County
4.2
/5.0
A
Great
106
Population
133/sq mi density
$86,250
Median Income
$37,911 per capita
$225,000
Home Value
$173,036 Zillow
47°F
Avg Temperature
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.7 / 5.0
$86,250 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$225,000 home value, /mo rent
C+
Education
3.0 / 5.0
24.6% bachelor's degree or higher
Housing Overview
Median Home Value
$225,000
20% below
US avg: $281,900
Homeownership Rate
90.5%
38% above US avg (65.4%)
Total Housing Units
49
Median year built: 1951
Home Value by Source
Census Median
$225,000
Zillow (ZHVI)
$173,036
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
90.5%
Owner-Occupied
9.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Affordability & Housing Stock
Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
90.5%
Complete Housing Data
Home Values
| Census Median Value | $225,000 |
| Zillow Home Value (ZHVI) | $173,036 |
Rent
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 90.5% |
| Renter-Occupied | 9.5% |
| Homeownership Rate | 90.5% |
| Total Housing Units | 49 |
| Median Year Built | 1951 |
| Rent Burden | 24.2% |