Lakefield, MN Housing Statistics

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45%

Med. Home Val. NAT. AVG.

21%

Rent NAT. AVG.

31%

Owner Occ. NAT. AVG.

Lakefield Housing Information

Index	Lakefield	Minnesota	National
Median home price	$180,406	$339,061	$326,622
Median rent asked	$1,137	$1,332	$1,444
Avg. people per household	2.1	2.4	2.6
Owner occupied households	83.5%	71.4%	63.6%
Renter occupied households	16.5%	28.6%	36.4%

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Homes For Sale In Lakefield, MN

101 4th Ave N

Lakefield, MN

45760 710th St

Lakefield, MN

203 5th Ave N

Lakefield, MN

0 Okabena RD

Heron Lake Twp, MN

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Housing Quick Facts

The median home price in Lakefield is 45% lower than the national average.
The median rent asked in Lakefield is 21% lower than the national average.
The average number of people per household in Lakefield is 20% lower than the national average.
The number of owner occupied households in Lakefield is 31% higher than the national average.
The number of renter occupied households in Lakefield is 55% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Wilder, MN	38	$17,769	95%
Dundee, MN	74	$78,977	76%
Alpha, MN	167	$104,063	68%
Heron Lake, MN	729	$136,607	58%
Brewster, MN	565	$176,605	46%
Lakefield, MN	1,740	$180,406	45%

Cities with similar population

	Population	Home Price	National Avg.
Courtland, VA	1,740	$330,247	1%
Itta Bena, MS	1,740	$114,322	65%
Watertown, TN	1,741	$253,750	22%
Wrightsville, AR	1,739	$145,406	55%
Houghton, NY	1,741	$211,314	35%
Lakefield, MN	1,740	$180,406	45%

Source: The Lakefield, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.