Big Lake, MN housing market
Homes typically sell in 21 days, close to asking.
Home values, sales, trends and how Big Lake compares with the towns next door — updated as new data is published.
Big Lake at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 43% in 5 years
The federal house price index for the ZIP code around Big Lake rose 43% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 4.2%. Carrying the Census median home value forward with that index puts the typical Big Lake home at roughly $516,000 today.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | +4.2% | +134% | +127% |
| 2024 | +3.7% | +124% | +120% |
| 2023 | +2.2% | +116% | +113% |
| 2022 | +15% | +112% | +104% |
| 2021 | +12% | +84% | +82% |
| 2020 | +3.7% | +64% | +66% |
| 2019 | +5.7% | +58% | +61% |
| 2018 | +4.4% | +50% | +55% |
| 2017 | +9.9% | +43% | +46% |
| 2016 | +7.2% | +30% | +38% |
| 2015 | +5.1% | +22% | +32% |
| 2014 | +8.3% | +16% | +28% |
| 2013 | +8.4% | +6.9% | +21% |
| 2012 | −4.9% | −1.4% | +16% |
| 2011 | −7% | +3.7% | +18% |
| 2010 | −7.9% | +12% | +25% |
| 2009 | −7.5% | +21% | +33% |
| 2008 | −12% | +31% | +42% |
| 2007 | −1.4% | +49% | +48% |
| 2006 | +1.8% | +51% | +49% |
| 2005 | +9.6% | +49% | +45% |
| 2004 | +9% | +36% | +34% |
| 2003 | +5.2% | +24% | +23% |
| 2002 | +8.2% | +18% | +18% |
| 2001 | +9.2% | +9.2% | +9.2% |
| 2000 | — | — | — |
How Big Lake ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 55309, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
37 new homes permitted in 2025
Builders were permitted 37 new homes in Big Lake in 2025, all single-family houses, worth about $8.7 million to build. That's 3 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Big Lake has permitted 799 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Big Lake gained 1,626 residents while 453 new homes were permitted: about 3.6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
How Big Lake ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $1.1 million |
| 2025 | 37 | 37 | 0 | $8.7 million |
| 2024 | 21 | 21 | 0 | $3.8 million |
| 2023 | 104 | 30 | 74 | $24.2 million |
| 2022 | 90 | 29 | 61 | $19.5 million |
| 2021 | 86 | 86 | 0 | $19.2 million |
| 2020 | 149 | 43 | 106 | $18.4 million |
| 2019 | 115 | 77 | 38 | $21.4 million |
| 2018 | 50 | 50 | 0 | $10.6 million |
| 2017 | 53 | 53 | 0 | $10.6 million |
| 2016 | 94 | 56 | 38 | $10.8 million |
| 2015 | 61 | 32 | 29 | $8.6 million |
| 2014 | 9 | 9 | 0 | $1.7 million |
| 2013 | 8 | 8 | 0 | $1.5 million |
| 2012 | 12 | 12 | 0 | $4.8 million |
| 2011 | 23 | 6 | 17 | $2.7 million |
| 2010 | 28 | 28 | 0 | $4.2 million |
| 2009 | 25 | 25 | 0 | $4.7 million |
| 2008 | 10 | 10 | 0 | $1.7 million |
| 2007 | 47 | 47 | 0 | $7.7 million |
| 2006 | 146 | 146 | 0 | $28.7 million |
| 2005 | 195 | 195 | 0 | $36.5 million |
| 2004 | 183 | 183 | 0 | $24.1 million |
| 2003 | 231 | 231 | 0 | $32.2 million |
| 2002 | 151 | 151 | 0 | $18.4 million |
| 2001 | 138 | 138 | 0 | $17.3 million |
| 2000 | 300 | 235 | 65 | $28.9 million |
How Big Lake ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.7 years of income
The typical Big Lake home costs about 2.7 years of the town's median household income, less than across Minnesota (3.9 years).
How Big Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,780
HUD's Fair Market Rent for a two-bedroom in Big Lake is $1,780 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Big Lake pay a median of $1,340, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,290 · 4 bedrooms $2,640
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55309; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.