MN area data
Lake city, MN
Lake city, MN.
Population: 7,510 (Census ACS)
Home values & appreciation
- Median home value
- $324,564
- 1-year appreciation
- +3.1%
- 3-year appreciation
- +11.8%
- 5-year appreciation
- +26.5%
- 10-year appreciation
- +78.2%
- All-time peak (2026-06)
- $324,598
- House Price Index
- 429.3 (+3.3% YoY)
Market activity
- Median sale price
- $267,500
- Median list price
- $390,000
- Median days on market
- 15 days
- Sale-to-list ratio
- 97.0%
- Active listings
- 35
- 1-year forecast
- +0.7%
- New listings (monthly)
- 15
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,176/mo
- 3BR fair-market rent
- $1,529/mo
Affordability
- Cost of living index (Average)
- 97.5 (100 = US avg)
- Electricity rate (state-level)
- 15.8¢/kWh
- Natural gas rate (state-level)
- $11.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 3
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 2
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- hail, strongWind
- FEMA flood zone
- AE
- Flood risk level
- High
Climate (30-year normals)
- Annual precipitation
- 36.5 in
Walkability & transit
- Walkability index
- 6.5 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Mississippi National River & Recreation Area (54 mi)
- Nearest airport
- Frontenac Airport (8 mi)
- Nearest major airport
- Rochester International Airport (RST) (35 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- 0 tax filers
Housing stock
- Median year housing built
- 1,975
- Median annual property tax
- $2,950
- Mean commute to work
- 19 min
- Households with broadband internet
- 66.5%
Employment & development
- Total county employment
- 5,383
- Average weekly wage
- $859
- Top industries (by employment)
- Accommodation & Food, Finance & Insurance, Construction
- Annual residential building permits (county)
- 58
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →