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Forest Lake, MN
Full City Profile · Minnesota · Washington County County
3.4
/5.0
B
Good
20,678
Population
677/sq mi density
$89,879
Median Income
$45,527 per capita
$375,900
Home Value
$414,576 Zillow
$1,379
Median Rent
30.3% income on rent
45°F
Avg Temperature
270 sunny days/yr
147
Violent Crime/100K
3,050 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$89,879 median income, 3.3% unemployment
A
Affordability
4.3 / 5.0
$375,900 home value, $1,379/mo rent
F
Safety
1.0 / 5.0
147 violent crimes/100K
B+
Education
3.9 / 5.0
35.7% bachelor's degree or higher
Housing Overview
Median Home Value
$375,900
33% above
US avg: $281,900
Median Rent
$1,379/mo
19% above
US avg: $1,163/mo
Homeownership Rate
71.8%
10% above US avg (65.4%)
Total Housing Units
8,445
Median year built: 1989
Home Value by Source
Census Median
$375,900
Zillow (ZHVI)
$414,576
Median Sale Price
$429,900
Median List Price
$459,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.8%
Owner-Occupied
28.2%
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
Census median rent:
$1,379/mo
· Zillow rent:
$1,644/mo
Market Indicators (Redfin)
Median Days on Market
73 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
20.9%
of listings with price reduction
Price Per Sq Ft
$193
Active Inventory
43
homes for sale
Affordability & Housing Stock
Rent Burden
30.3%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
71.8%
Complete Housing Data
Home Values
| Census Median Value | $375,900 |
| Zillow Home Value (ZHVI) | $414,576 |
| Median Sale Price | $429,900 |
| Median List Price | $459,950 |
| Price Per Sq Ft | $193 |
Rent
| Census Median Rent | $1,379 |
| Zillow Rent (ZORI) | $1,644 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 73 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.9% |
| Homes Sold | 13 |
| Active Inventory | 43 |
| Price Per Sq Ft | $193 |
Ownership & Stock
| Owner-Occupied | 71.8% |
| Renter-Occupied | 28.2% |
| Homeownership Rate | 71.8% |
| Total Housing Units | 8,445 |
| Median Year Built | 1989 |
| Rent Burden | 30.3% |