Housing in Lake Park, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$394,032
Lake Park vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake Park is highlighted.
Median Home Value
44th%ilemost expensive$160,900show rank
Median Rent
18th%ilemost expensive rent$717show rank
Rent Burden
16th%ilehighest rent burden13.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$160,900
Median Rent
$717
Total Housing Units
251
Vacancy Rate
8.0%
Owner Occupied
84.0%
Renter Occupied
16.0%
Median Property Tax
$1,319
per year
Monthly Cost (w/ Mortgage)
$1,101
Housing Types
Single Family78.1%
Multi-Family12.3%
Mobile Home9.6%
The median home value in Lake Park, MN is $160,900. According to Zillow, the home value index for Lake Park is $394,032. The median rent is $717 per month (Census ACS). About 84.0% of housing units are owner-occupied. The median year homes were built is 1966. There are 251 total housing units.