Madison Lake, MN
Full City Profile · Minnesota · Le Sueur County County
3.5
/5.0
B+
Good
1,178
Population
860/sq mi density
$84,833
Median Income
$46,514 per capita
$281,300
Home Value
$454,106 Zillow
$829
Median Rent
27.6% income on rent
45°F
Avg Temperature
76
Violent Crime/100K
531 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$84,833 median income, 3.9% unemployment
A+
Affordability
4.8 / 5.0
$281,300 home value, $829/mo rent
F
Safety
1.0 / 5.0
76 violent crimes/100K
B+
Education
4.0 / 5.0
36.9% bachelor's degree or higher
Housing Overview
Median Home Value
$281,300
0% below
US avg: $281,900
Median Rent
$829/mo
29% below
US avg: $1,163/mo
Homeownership Rate
68.9%
5% above US avg (65.4%)
Total Housing Units
676
Median year built: 1982
Home Value by Source
Census Median
$281,300
Zillow (ZHVI)
$454,106
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.9%
Owner-Occupied
31.1%
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:
$829/mo
Affordability & Housing Stock
Rent Burden
27.6%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1982
Average age of housing stock: 44 years
Homeownership Rate
68.9%
Complete Housing Data
Home Values
| Census Median Value | $281,300 |
| Zillow Home Value (ZHVI) | $454,106 |
Rent
| Census Median Rent | $829 |
| 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 | 68.9% |
| Renter-Occupied | 31.1% |
| Homeownership Rate | 68.9% |
| Total Housing Units | 676 |
| Median Year Built | 1982 |
| Rent Burden | 27.6% |