All Countries
Lake City, MN
Full City Profile · Minnesota · Wabasha County County
3.5
/5.0
B+
Good
5,021
Population
1,118/sq mi density
$76,125
Median Income
$42,584 per capita
$234,100
Home Value
$311,239 Zillow
$1,022
Median Rent
31.6% income on rent
45°F
Avg Temperature
270 sunny days/yr
78
Violent Crime/100K
1,128 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$76,125 median income, 0.2% unemployment
A+
Affordability
5.0 / 5.0
$234,100 home value, $1,022/mo rent
F
Safety
1.0 / 5.0
78 violent crimes/100K
B+
Education
3.6 / 5.0
32.0% bachelor's degree or higher
Housing Overview
Median Home Value
$234,100
17% below
US avg: $281,900
Median Rent
$1,022/mo
12% below
US avg: $1,163/mo
Homeownership Rate
78.8%
20% above US avg (65.4%)
Total Housing Units
2,586
Median year built: 1976
Home Value by Source
Census Median
$234,100
Zillow (ZHVI)
$311,239
Median Sale Price
$298,900
Median List Price
$349,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
78.8%
Owner-Occupied
21.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$880/mo
1 Bedroom
$973/mo
2 Bedroom
$1,277/mo
3 Bedroom
$1,531/mo
4 Bedroom
$1,869/mo
Census median rent:
$1,022/mo
Market Indicators (Redfin)
Median Days on Market
75 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
6.7%
of listings with price reduction
Price Per Sq Ft
$187
Active Inventory
15
homes for sale
Affordability & Housing Stock
Rent Burden
31.6%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
78.8%
Complete Housing Data
Home Values
| Census Median Value | $234,100 |
| Zillow Home Value (ZHVI) | $311,239 |
| Median Sale Price | $298,900 |
| Median List Price | $349,900 |
| Price Per Sq Ft | $187 |
Rent
| Census Median Rent | $1,022 |
| FMR Studio | $880 |
| FMR 1-Bedroom | $973 |
| FMR 2-Bedroom | $1,277 |
| FMR 3-Bedroom | $1,531 |
| FMR 4-Bedroom | $1,869 |
Market
| Days on Market | 75 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 6.7% |
| Homes Sold | 5 |
| Active Inventory | 15 |
| Price Per Sq Ft | $187 |
Ownership & Stock
| Owner-Occupied | 78.8% |
| Renter-Occupied | 21.2% |
| Homeownership Rate | 78.8% |
| Total Housing Units | 2,586 |
| Median Year Built | 1976 |
| Rent Burden | 31.6% |