Housing in Mountain Lake, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$155,444
Mountain Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Mountain Lake is highlighted.
Median Home Value
30th%ilemost expensive$118,900show rank
Median Rent
35th%ilemost expensive rent$833show rank
Rent Burden
38th%ilehighest rent burden16.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$118,900
Median Rent
$833
Total Housing Units
758
Vacancy Rate
5.9%
Owner Occupied
73.5%
Renter Occupied
26.5%
Median Property Tax
$1,702
per year
Monthly Cost (w/ Mortgage)
$849
Housing Types
Single Family83.0%
Multi-Family17.0%
Mobile Home0.0%
The median home value in Mountain Lake, MN is $118,900. According to Zillow, the home value index for Mountain Lake is $155,444. The median rent is $833 per month (Census ACS). About 73.5% of housing units are owner-occupied. The median year homes were built is 1965. There are 758 total housing units.