All Countries
Lakefield, MN
Full City Profile · Minnesota · Jackson County County
3.5
/5.0
B+
Good
1,652
Population
1,233/sq mi density
$62,656
Median Income
$31,865 per capita
$115,900
Home Value
$199,622 Zillow
$867
Median Rent
19.4% income on rent
44°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$62,656 median income, 0.3% unemployment
A+
Affordability
5.0 / 5.0
$115,900 home value, $867/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.4 / 5.0
17.1% bachelor's degree or higher
Housing Overview
Median Home Value
$115,900
59% below
US avg: $281,900
Median Rent
$867/mo
25% below
US avg: $1,163/mo
Homeownership Rate
87.9%
34% above US avg (65.4%)
Total Housing Units
774
Median year built: 1955
Home Value by Source
Census Median
$115,900
Zillow (ZHVI)
$199,622
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.9%
Owner-Occupied
12.1%
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:
$867/mo
Affordability & Housing Stock
Rent Burden
19.4%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
87.9%
Complete Housing Data
Home Values
| Census Median Value | $115,900 |
| Zillow Home Value (ZHVI) | $199,622 |
Rent
| Census Median Rent | $867 |
| 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 | 87.9% |
| Renter-Occupied | 12.1% |
| Homeownership Rate | 87.9% |
| Total Housing Units | 774 |
| Median Year Built | 1955 |
| Rent Burden | 19.4% |