Heron Lake, MN housing market
The typical Heron Lake home is worth about $115,000, down 0.9% in a year, 67% below the Minnesota typical home.
Home values, sales, trends and how Heron Lake compares with the towns next door — updated as new data is published.
Heron Lake at a glance
Typical home value, 2016–2026
Show as a table
| January | Heron Lake | Minnesota |
|---|---|---|
| 2017 | $59,000 | $217,000 |
| 2018 | $60,000 | $232,000 |
| 2019 | $66,000 | $246,000 |
| 2020 | $72,000 | $259,000 |
| 2021 | $79,000 | $282,000 |
| 2022 | $90,000 | $313,000 |
| 2023 | $107,000 | $325,000 |
| 2024 | $109,000 | $331,000 |
| 2025 | $112,000 | $341,000 |
| 2026 | $117,000 | $349,000 |
| August 2026 | $115,000 | $351,000 |
Heron Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Heron Lake | $115K | −0.9% | $1,050 | — | $94,107 |
| Lakefield | $207K | 0% | $1,050 | 2 | $71,648 |
| Belmont | — | −2.9%† | $980 | — | $86,563 |
| Delafield | — | +13.3%† | $1,030 | — | $112,917 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Heron Lake is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Heron Lake pay a median of $1,047.
Studio $720 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56101, 56150; Jackson County, MN), 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.