Housing in Madison Lake, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$419,679

Madison Lake vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Madison Lake is highlighted.

Median Home Value

72nd%ilemost expensive$281,300show rank

Median Rent

34th%ilemost expensive rent$829show rank

Rent Burden

8th%ilehighest rent burden11.7%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$281,300

Median Rent

$829

Total Housing Units

669

Vacancy Rate

27.9%

Owner Occupied

68.9%

Renter Occupied

31.1%

Median Property Tax

$3,273

per year

Monthly Cost (w/ Mortgage)

$1,652

Housing Types

Single Family

80.9%

Multi-Family

14.3%

Mobile Home

4.8%

The median home value in Madison Lake, MN is $281,300. According to Zillow, the home value index for Madison Lake is $419,679. The median rent is $829 per month (Census ACS). About 68.9% of housing units are owner-occupied. The median year homes were built is 1984. There are 669 total housing units.