Home prices
The median home in Minnesota Lake costs $105,000. This is approximately $11,860 (12%) higher in comparison to the surrounding areas.It is about $112,500 (51%) lower in comparison to the nation as a whole, and compared to the city of Minneapolis it is about $146,600 (58%) lower.
Rents
In Minnesota Lake the median rent is $608 a month. Compared to its surrounding areas it is about $54 (8%) lower.It is approximately $454 (42%) lower in comparison to the United States as a whole, and compared to the city of Minneapolis it is approximately $419 (40%) lower.
Nearby places
Wells
Wells is roughly 7 miles southeast from Minnesota Lake. Real estate prices there are somewhat less expensive. Wells's median home cost is $83,800, which is $21,200 (25%) lower than Minnesota Lake. Rents there are pretty similar. Wells's median monthly rent is $604, which is very similar to Minnesota Lake.
Mapleton
Mapleton is approximately 7 miles northwest from Minnesota Lake. The housing prices there are somewhat more expensive. Mapleton's median home price is $124,300, which is $19,300 (15%) higher than Minnesota Lake. The rent there is a bit more expensive. In Mapleton the median monthly rent is $664, which works out to $56 (8%) higher than Minnesota Lake.
Waldorf
Waldorf is roughly 8 miles northeast from Minnesota Lake. The real estate prices there are a little less expensive. The median home cost in Waldorf is $83,300, which comes out to $21,700 (26%) lower than Minnesota Lake. Its rents are a bit more expensive. The median monthly rent in Waldorf is $680, which comes out to $72 (10%) higher than Minnesota Lake.
Delavan
Delavan is about 9 miles southwest from Minnesota Lake. Housing prices there are a lot less expensive. The value of the median home in Delavan is $53,100, which works out to $51,900 (97%) lower than Minnesota Lake. Its rents are a little less expensive. The median rent in Delavan is $469 per month, which comes out to $139 (29%) lower than Minnesota Lake.
Pemberton
Pemberton is approximately 10 miles north from Minnesota Lake. Real estate prices there are a little more expensive. The median home in Pemberton costs $121,200, which comes out to $16,200 (13%) higher than Minnesota Lake. The rent there is somewhat more expensive. The median monthly rent in Pemberton is $892, which works out to $284 (31%) higher than Minnesota Lake.
