Housing & Real Estate — Lakeland, Minnesota
Overview
| Total Housing Units | 743 |
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| Occupied | 706 |
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| Vacant | 37 |
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| Owner-Occupied | 604 |
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| Renter-Occupied | 102 |
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| Median Home Value (Census) | $373,900 |
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| Estimated 2026 | ~$414,000 |
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| Median Rent | $1,644/mo |
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| Median Property Tax | $3,368/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 | 19.7% |
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| Severely Rent-Burdened | 68.2% |
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Housing Age
| Built 2010 or later | 19 |
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| Built 2000-2009 | 11 |
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| Built 1990-1999 | 68 |
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| Built before 1960 | 185 |
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| Median Year Built | 1975 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
