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Minnesota Lake, MN
Full City Profile · Minnesota · Faribault County County
3.5
/5.0
B+
Good
621
Population
383/sq mi density
$62,875
Median Income
$35,508 per capita
$126,600
Home Value
$197,123 Zillow
$950
Median Rent
35.3% income on rent
46°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
4.0 / 5.0
$62,875 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$126,600 home value, $950/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.5 / 5.0
18.7% bachelor's degree or higher
Housing Overview
Median Home Value
$126,600
55% below
US avg: $281,900
Median Rent
$950/mo
18% below
US avg: $1,163/mo
Homeownership Rate
75.9%
16% above US avg (65.4%)
Total Housing Units
291
Median year built: 1961
Home Value by Source
Census Median
$126,600
Zillow (ZHVI)
$197,123
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
75.9%
Owner-Occupied
24.1%
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:
$950/mo
Affordability & Housing Stock
Rent Burden
35.3%
of renters spending 30%+ of income on housing
14% above US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
75.9%
Complete Housing Data
Home Values
| Census Median Value | $126,600 |
| Zillow Home Value (ZHVI) | $197,123 |
Rent
| Census Median Rent | $950 |
| 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 | 75.9% |
| Renter-Occupied | 24.1% |
| Homeownership Rate | 75.9% |
| Total Housing Units | 291 |
| Median Year Built | 1961 |
| Rent Burden | 35.3% |