Lutsen, MN
Full City Profile · Minnesota · Cook County County
4.4
/5.0
A
Great
234
Population
22/sq mi density
$78,750
Median Income
$51,915 per capita
$347,500
Home Value
$512,761 Zillow
$1,013
Median Rent
47.5% income on rent
37°F
Avg Temperature
A
Overall
4.4 / 5.0
Strong
A
Economy
4.1 / 5.0
$78,750 median income, 5.5% unemployment
A
Affordability
4.2 / 5.0
$347,500 home value, $1,013/mo rent
A+
Education
5.0 / 5.0
64.8% bachelor's degree or higher
Housing Overview
Median Home Value
$347,500
23% above
US avg: $281,900
Median Rent
$1,013/mo
13% below
US avg: $1,163/mo
Homeownership Rate
86.2%
32% above US avg (65.4%)
Total Housing Units
282
Median year built: 1986
Home Value by Source
Census Median
$347,500
Zillow (ZHVI)
$512,761
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.2%
Owner-Occupied
13.8%
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:
$1,013/mo
Affordability & Housing Stock
Rent Burden
47.5%
of renters spending 30%+ of income on housing
53% above US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
86.2%
Complete Housing Data
Home Values
| Census Median Value | $347,500 |
| Zillow Home Value (ZHVI) | $512,761 |
Rent
| Census Median Rent | $1,013 |
| 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 | 86.2% |
| Renter-Occupied | 13.8% |
| Homeownership Rate | 86.2% |
| Total Housing Units | 282 |
| Median Year Built | 1986 |
| Rent Burden | 47.5% |