Housing in Heron Lake, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$112,741
Heron Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Heron Lake is highlighted.
Median Home Value
14th%ilemost expensive$86,200show rank
Median Rent
14th%ilemost expensive rent$681show rank
Rent Burden
9th%ilehighest rent burden12.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$86,200
Median Rent
$681
Total Housing Units
295
Vacancy Rate
10.2%
Owner Occupied
85.3%
Renter Occupied
14.7%
Median Property Tax
$1,091
per year
Monthly Cost (w/ Mortgage)
$667
Housing Types
Single Family94.6%
Multi-Family2.7%
Mobile Home2.7%
The median home value in Heron Lake, MN is $86,200. According to Zillow, the home value index for Heron Lake is $112,741. The median rent is $681 per month (Census ACS). About 85.3% of housing units are owner-occupied. The median year homes were built is 1948. There are 295 total housing units.