Eagle Lake, MN housing market
The typical Eagle Lake home is worth about $344,000, up 2.8% in a year, close to the Minnesota typical home.
Home values, sales, trends and how Eagle Lake compares with the towns next door — updated as new data is published.
Eagle Lake at a glance
Typical home value, 2016–2026
Show as a table
| January | Eagle Lake | Minnesota |
|---|---|---|
| 2017 | $205,000 | $217,000 |
| 2018 | $220,000 | $232,000 |
| 2019 | $231,000 | $246,000 |
| 2020 | $240,000 | $259,000 |
| 2021 | $255,000 | $282,000 |
| 2022 | $283,000 | $313,000 |
| 2023 | $306,000 | $325,000 |
| 2024 | $311,000 | $331,000 |
| 2025 | $328,000 | $341,000 |
| 2026 | $343,000 | $349,000 |
| August 2026 | $344,000 | $351,000 |
44 new homes permitted in 2025
Builders were permitted 44 new homes in Eagle Lake in 2025: 12 single-family houses and 32 in buildings with two or more homes, worth about $6.8 million to build. That's 13 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, Eagle Lake has permitted 199 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Eagle Lake gained 856 residents while 332 new homes were permitted: about 2.6 new residents per new home. Building and growth moved roughly in step. Across Minnesota: 2.2 new residents per new home.
How Eagle 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) | 9 | 9 | 0 | $3 million |
| 2025 | 44 | 12 | 32 | $6.8 million |
| 2024 | 22 | 22 | 0 | $5.1 million |
| 2023 | 39 | 5 | 34 | $6.7 million |
| 2022 | 10 | 10 | 0 | $3.5 million |
| 2021 | 6 | 6 | 0 | $1.7 million |
| 2020 | 8 | 8 | 0 | $1.3 million |
| 2019 | 16 | 8 | 8 | $2.7 million |
| 2018 | 10 | 10 | 0 | $2.1 million |
| 2017 | 31 | 31 | 0 | $5.7 million |
| 2016 | 13 | 13 | 0 | $2.2 million |
| 2015 | 76 | 10 | 66 | $10.5 million |
| 2014 | 66 | 36 | 30 | $9.4 million |
| 2013 | 66 | 30 | 36 | $9.8 million |
| 2012 | 12 | 12 | 0 | $2.2 million |
| 2011 | 18 | 10 | 8 | $2.4 million |
| 2010 | 24 | 24 | 0 | $3.2 million |
| 2009 | 5 | 5 | 0 | $725,000 |
| 2008 | 32 | 32 | 0 | $5.1 million |
| 2007 | 55 | 53 | 2 | $8.2 million |
| 2006 | 15 | 15 | 0 | $2.6 million |
| 2005 | 30 | 30 | 0 | $6.1 million |
| 2004 | 29 | 29 | 0 | $5.4 million |
| 2003 | 35 | 35 | 0 | $5.1 million |
| 2002 | 18 | 18 | 0 | $2.4 million |
| 2001 | 16 | 16 | 0 | $1.2 million |
| 2000 | 29 | 25 | 4 | $4.4 million |
How Eagle 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.
Eagle Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Eagle Lake | $344K | +2.8% | $1,560 | 44 | $96,964 |
| Le Ray | — | +8.9%† | $1,360 | — | $91,250 |
| Mankato | $305K | +1.6% | $1,300 | 0 | $113,269 |
† FHFA price index change, where Zillow has no home value for the town.
3.5 years of income
The typical Eagle Lake home costs about 3.5 years of the town's median household income, less than across Minnesota (3.9 years).
How Eagle 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 $1,560
HUD's Fair Market Rent for a two-bedroom in Eagle Lake is $1,560 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Eagle Lake pay a median of $1,403, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $1,290 · 4 bedrooms $2,540
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56024; Mankato, MN MSA), 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.
Recent listings in Eagle Lake
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.