All Countries
Medicine Lake, MN
Full City Profile · Minnesota · Carver County County
3.5
/5.0
B+
Good
541
Population
3,182/sq mi density
$161,250
Median Income
$105,496 per capita
$1,014,500
Home Value
$1,094,093 Zillow
$1,025
Median Rent
24.4% income on rent
46°F
Avg Temperature
270 sunny days/yr
72
Violent Crime/100K
1,555 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$161,250 median income, 0.0% unemployment
B
Affordability
3.1 / 5.0
$1,014,500 home value, $1,025/mo rent
F
Safety
1.0 / 5.0
72 violent crimes/100K
A+
Education
5.0 / 5.0
71.0% bachelor's degree or higher
Housing Overview
Median Home Value
$1,014,500
260% above
US avg: $281,900
Median Rent
$1,025/mo
12% below
US avg: $1,163/mo
Homeownership Rate
84.2%
29% above US avg (65.4%)
Total Housing Units
196
Median year built: 1966
Home Value by Source
Census Median
$1,014,500
Zillow (ZHVI)
$1,094,093
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.2%
Owner-Occupied
15.8%
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:
$1,025/mo
Affordability & Housing Stock
Rent Burden
24.4%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
84.2%
Complete Housing Data
Home Values
| Census Median Value | $1,014,500 |
| Zillow Home Value (ZHVI) | $1,094,093 |
Rent
| Census Median Rent | $1,025 |
| 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 | 84.2% |
| Renter-Occupied | 15.8% |
| Homeownership Rate | 84.2% |
| Total Housing Units | 196 |
| Median Year Built | 1966 |
| Rent Burden | 24.4% |