Housing in Lake City, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$367,900
Median List Price
$297,000
Price Per Sq Ft
$166
Days on Market
26
Active Inventory
16
Months of Supply
5.3
Balanced market
Zillow Home Value
$306,194
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
66.7%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
6
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$166
Median List $/SF
$178
Lake City vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake City 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
$234,100
Median Rent
$1,022
Total Housing Units
2,682
Vacancy Rate
16.0%
Owner Occupied
78.8%
Renter Occupied
21.2%
Median Property Tax
$2,829
per year
Monthly Cost (w/ Mortgage)
$1,205
Housing Types
The current median sale price in Lake City, MN is $367,900 according to Redfin data. Homes spend a median of 26 days on the market. 0.0% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $166. The median rent is $1,022 per month (Census ACS). About 78.8% of housing units are owner-occupied. The median year homes were built is 1974. There are 2,682 total housing units.