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Lake County Housing Market

Minnesota · 87 counties · Ranked #2159 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$222,900

vs national$222,900 vs $281,900 national

Median Gross Rent

$1,026/mo

vs national$1,026 vs $1,163 national

Effective Tax Rate

0.75%

vs national0.75% vs 1.02% national

Median Household Income

$75,621

vs national+$75,621 vs $74,755 national

Affordability Ratio

2.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,674

Tax as % of Home Value

0.75%

Monthly Owner Cost

$947

Renter Income

$44,479

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Mortgage

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Home Search

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Lake County?

The median home value in Lake County is $222,900. This is below the national median of $281,900.

How much is rent in Lake County?

The median gross rent in Lake County is $1,026 per month.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 0.75%. The median annual property tax bill is $1,674.

Is Lake County affordable?

With a home-value-to-income ratio of 2.9x, Lake County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.