Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$221,109+3.8% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 6% have cut their price
Income needed to buy, per year$47,932About 0.7× the local median income ($68,245): affordable for a typical household
Days on market91 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lake of the Woods County, MN is worth $221,109, up 3.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $216,379, so the area is 2.2% overvalued. It is a buyer's market: homes take about 91 days to sell, listings are up 20% from a year ago, 6% of listings have had a price cut. A household needs about $47,932 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,245. In the latest IRS figures, 83 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$221,109
Change in 1 year
+3.8%
Overvalued %
+2.2%
Show 6 more
Fair home value
$216,379
Change in 5 years
+17.7%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,198
Income needed to afford it
$47,932
Property tax rate
0.66%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,154
Market activity
Listings vs a year ago
+20.0%
Days on market
91
Listings with a price cut
6.3%
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Homes for sale
48
Pending sales per 100 listings
23
Asking price per sq ft
$188
People and jobs
Median household income
$68,245
Population change (1 year)
−0.3%
Unemployment rate
1.5%
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Population
3,770
Income adjusted for cost of living
$79,447
Net moves in (IRS)
−83
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
3.5
FEMA hazard risk score (0 to 100)
3.5
Flood risk score
17.7
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Wildfire risk score
55.4
Walkability (1 to 20)
5.0
Road, rail and air noise
50 dB
Questions people ask
Is Lake of the Woods County, MN overvalued?
Home prices in Lake of the Woods County, MN are slightly above what local incomes have historically supported: fair value is about $216,379, so the area is 2.2% overvalued.
Is Lake of the Woods County, MN a buyer's or seller's market?
Lake of the Woods County, MN is a buyer's market: homes take about 91 days to sell, listings are up 20% from a year ago, 6% of listings have had a price cut.
Are home prices going down in Lake of the Woods County, MN?
Home values in Lake of the Woods County, MN are up 3.8% over the last year.
How much do you need to earn to buy a home in Lake of the Woods County, MN?
A household needs about $47,932 a year to afford the typical home in Lake of the Woods County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,245.