Rice Lake, MN
Full City Profile · Minnesota · Mahnomen County County
2.6
/5.0
C+
Fair
232
Population
394/sq mi density
$41,625
Median Income
$14,213 per capita
$21,500
Home Value
$213,779 Zillow
$575
Median Rent
17.0% income on rent
39°F
Avg Temperature
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
F
Economy
1.4 / 5.0
$41,625 median income, 15.9% unemployment
A+
Affordability
5.0 / 5.0
$21,500 home value, $575/mo rent
F
Education
1.3 / 5.0
3.7% bachelor's degree or higher
Housing Overview
Median Home Value
$21,500
92% below
US avg: $281,900
Median Rent
$575/mo
51% below
US avg: $1,163/mo
Homeownership Rate
58.0%
11% below US avg (65.4%)
Total Housing Units
94
Median year built: 1988
Home Value by Source
Census Median
$21,500
Zillow (ZHVI)
$213,779
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
58.0%
Owner-Occupied
42.0%
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:
$575/mo
Affordability & Housing Stock
Rent Burden
17.0%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
58.0%
Complete Housing Data
Home Values
| Census Median Value | $21,500 |
| Zillow Home Value (ZHVI) | $213,779 |
Rent
| Census Median Rent | $575 |
| 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 | 58.0% |
| Renter-Occupied | 42.0% |
| Homeownership Rate | 58.0% |
| Total Housing Units | 94 |
| Median Year Built | 1988 |
| Rent Burden | 17.0% |