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Lake Benton, MN
Full City Profile · Minnesota · Lincoln County County
3.2
/5.0
B
Good
698
Population
217/sq mi density
$52,000
Median Income
$31,527 per capita
$91,900
Home Value
$198,256 Zillow
$550
Median Rent
35.9% income on rent
44°F
Avg Temperature
276 sunny days/yr
58
Violent Crime/100K
923 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$52,000 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$91,900 home value, $550/mo rent
F
Safety
1.0 / 5.0
58 violent crimes/100K
C+
Education
2.7 / 5.0
21.7% bachelor's degree or higher
Housing Overview
Median Home Value
$91,900
67% below
US avg: $281,900
Median Rent
$550/mo
53% below
US avg: $1,163/mo
Homeownership Rate
77.4%
18% above US avg (65.4%)
Total Housing Units
387
Median year built: 1965
Home Value by Source
Census Median
$91,900
Zillow (ZHVI)
$198,256
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.4%
Owner-Occupied
22.6%
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:
$550/mo
Affordability & Housing Stock
Rent Burden
35.9%
of renters spending 30%+ of income on housing
16% above US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
77.4%
Complete Housing Data
Home Values
| Census Median Value | $91,900 |
| Zillow Home Value (ZHVI) | $198,256 |
Rent
| Census Median Rent | $550 |
| 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 | 77.4% |
| Renter-Occupied | 22.6% |
| Homeownership Rate | 77.4% |
| Total Housing Units | 387 |
| Median Year Built | 1965 |
| Rent Burden | 35.9% |