Housing in Lakefield, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$199,044
Lakefield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lakefield is highlighted.
Median Home Value
28th%ilemost expensive$115,900show rank
Median Rent
40th%ilemost expensive rent$867show rank
Rent Burden
35th%ilehighest rent burden16.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$115,900
Median Rent
$867
Total Housing Units
822
Vacancy Rate
9.3%
Owner Occupied
87.9%
Renter Occupied
12.1%
Median Property Tax
$1,321
per year
Monthly Cost (w/ Mortgage)
$720
Housing Types
Single Family92.3%
Multi-Family7.3%
Mobile Home0.4%
The median home value in Lakefield, MN is $115,900. According to Zillow, the home value index for Lakefield is $199,044. The median rent is $867 per month (Census ACS). About 87.9% of housing units are owner-occupied. The median year homes were built is 1956. There are 822 total housing units.