Housing in Lake Marshall

A typical Lake Marshall home is worth roughly $336,000

Home prices around Lake Marshall have risen about 38% over the past 5 years.

Typical home value

$336K

▲ 6.6% in a year · MN $351K

Estimate

2-bedroom rent

$990

a month, utilities in · HUD

Median tax bill

$2,968

MN $3,357

What kind of housing town is Lake Marshall?

Read from the numbers below. The page puts what stands out first.

Prices climbing fastUp 6.6% in a year.A town of owners95% of households own their home.

★ What stands out · Price trend

Home prices up 38% in 5 years

The federal house price index for the ZIP code around Lake Marshall rose 38% over the past 5 years, about the same as across Minnesota. Last year prices rose 6.6%.

Lake Marshall areaMinnesota

+6.6%

past year

+38%

past 5 years

+56%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Lake Marshall, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

95% of Lake Marshall households own their home

Half of Lake Marshall’s homes were built before 1974.

Owners and renters

Own 95%Rent 5%

Minnesota: 72% own.

1974

typical home built · MN 1979

$2,968

median property tax bill · MN $3,357

0.88%

of a home’s value, a year in tax · MN 1.02%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 2.7 years of income

Less than across Minnesota (3.9 years). Try your own numbers below.

You could afford about

$484,000

Typical Lake Marshall home $336K

That covers a typical Lake Marshall home, with $148K to spare.

The typical home, each month

$2,010

Loan $1,660Tax $250Insurance $100

A two-bedroom rents for about $990 a month here, $1,020 less than owning.

Where your budget reaches nearby

Marshall$242K Lynd$246K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lake Marshall’s typical property tax (0.88% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $1,250.

Fair Market Rent a month, utilities included

Studio$690

1 bedroom$850

2 bedrooms$990

3 bedrooms$1,380

4 bedrooms$1,660

of households rent · MN 28%

renter households

$1,250

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lyon County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Lake Marshall vs. its neighbors

Lake Marshall is the priciest of 3 neighboring towns. Tap one to see its housing page.

Lake Marshall$336K Lynd$246K Marshall$242K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Lake Marshall	$336K*	+6.6%†	$990	—	$123,750
Marshall	$242K	+6.3%	$990	11	$68,566
Sodus	—	+1.8%†	$1,020	—	$91,250
Clifton	—	+6.6%†	$990	—	$113,750
Lynd	$246K	+15.9%	$1,030	—	$109,167

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Lake Marshall buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Lake Marshall still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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. The calculator is an estimate, not a loan offer.