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Heron Lake, MN
Full City Profile · Minnesota · Jackson County County
3.6
/5.0
B+
Good
591
Population
477/sq mi density
$66,607
Median Income
$33,434 per capita
$86,200
Home Value
$113,939 Zillow
$681
Median Rent
23.1% income on rent
44°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$66,607 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$86,200 home value, $681/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.6 / 5.0
19.9% bachelor's degree or higher
Housing Overview
Median Home Value
$86,200
69% below
US avg: $281,900
Median Rent
$681/mo
41% below
US avg: $1,163/mo
Homeownership Rate
85.3%
30% above US avg (65.4%)
Total Housing Units
300
Median year built: 1946
Home Value by Source
Census Median
$86,200
Zillow (ZHVI)
$113,939
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.3%
Owner-Occupied
14.7%
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:
$681/mo
Affordability & Housing Stock
Rent Burden
23.1%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1946
Average age of housing stock: 80 years
Homeownership Rate
85.3%
Complete Housing Data
Home Values
| Census Median Value | $86,200 |
| Zillow Home Value (ZHVI) | $113,939 |
Rent
| Census Median Rent | $681 |
| 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 | 85.3% |
| Renter-Occupied | 14.7% |
| Homeownership Rate | 85.3% |
| Total Housing Units | 300 |
| Median Year Built | 1946 |
| Rent Burden | 23.1% |