Housing & Real Estate — Lake City, Minnesota
Overview
| Total Housing Units | 2,682 |
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| Occupied | 2,252 |
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| Vacant | 430 |
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| Owner-Occupied | 1,774 |
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| Renter-Occupied | 478 |
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| Median Home Value (Census) | $238,700 |
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| Estimated 2026 | ~$250,000 |
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| Median Rent | $1,022/mo |
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| Median Property Tax | $2,781/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 17.0% |
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| Severely Rent-Burdened | 36.5% |
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Housing Age
| Built 2010 or later | 112 |
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| Built 2000-2009 | 511 |
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| Built 1990-1999 | 210 |
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| Built before 1960 | 1,047 |
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| Median Year Built | 1976 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
