Housing in Lakeland, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$375,000
Median List Price
$525,000
Price Per Sq Ft
$184
Days on Market
38
Active Inventory
2
Months of Supply
2.0
Seller's market
Zillow Home Value
$386,933
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$184
Median List $/SF
$218
Lakeland vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lakeland 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
$357,700
Median Rent
$1,644
Total Housing Units
743
Vacancy Rate
5.0%
Owner Occupied
85.5%
Renter Occupied
14.4%
Median Property Tax
$3,199
per year
Monthly Cost (w/ Mortgage)
$1,608
Housing Types
The current median sale price in Lakeland, MN is $375,000 according to Redfin data. Homes spend a median of 38 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $184. The median rent is $1,644 per month (Census ACS). About 85.5% of housing units are owner-occupied. The median year homes were built is 1976. There are 743 total housing units.