Housing in Forest Lake, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$371,000
Median List Price
$449,900
Price Per Sq Ft
$188
Days on Market
36
Active Inventory
41
Months of Supply
2.9
Seller's market
Zillow Home Value
$408,451
ZHVI — January 2026
Zillow Rent Index
$1,682
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
28.6%
Off Market in 2 Weeks
25.0%
Sale-to-List Ratio
99.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
14
New Listings
13
Pending Sales
12
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$188
Median List $/SF
$180
Forest Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Forest Lake is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$375,900
Median Rent
$1,379
Total Housing Units
8,589
Vacancy Rate
5.1%
Owner Occupied
71.8%
Renter Occupied
28.2%
Median Property Tax
$3,625
per year
Monthly Cost (w/ Mortgage)
$1,624
Housing Types
The current median sale price in Forest Lake, MN is $371,000 according to Redfin data. Homes spend a median of 36 days on the market. 28.6% of homes sold above asking price. The market has 2.9 months of supply. The median price per square foot is $188. Zillow's observed rent index is $1,682/month. About 71.8% of housing units are owner-occupied. The median year homes were built is 1990. There are 8,589 total housing units.