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Mountain Lake, MN
Full City Profile · Minnesota · Watonwan County County
3.1
/5.0
B
Good
1,833
Population
1,125/sq mi density
$59,115
Median Income
$27,279 per capita
$118,900
Home Value
$157,340 Zillow
$833
Median Rent
23.8% income on rent
45°F
Avg Temperature
260 sunny days/yr
98
Violent Crime/100K
684 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$59,115 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $833/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C+
Education
2.8 / 5.0
21.9% bachelor's degree or higher
Housing Overview
Median Home Value
$118,900
58% below
US avg: $281,900
Median Rent
$833/mo
28% below
US avg: $1,163/mo
Homeownership Rate
73.5%
12% above US avg (65.4%)
Total Housing Units
771
Median year built: 1964
Home Value by Source
Census Median
$118,900
Zillow (ZHVI)
$157,340
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
73.5%
Owner-Occupied
26.5%
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:
$833/mo
Affordability & Housing Stock
Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
73.5%
Complete Housing Data
Home Values
| Census Median Value | $118,900 |
| Zillow Home Value (ZHVI) | $157,340 |
Rent
| Census Median Rent | $833 |
| 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 | 73.5% |
| Renter-Occupied | 26.5% |
| Homeownership Rate | 73.5% |
| Total Housing Units | 771 |
| Median Year Built | 1964 |
| Rent Burden | 23.8% |