A typical Leaf Lake home is worth roughly $347,000
What kind of housing town is Leaf Lake?
Read from the numbers below. The page puts what stands out first.
88% of Leaf Lake households own their home
Half of Leaf Lake’s homes were built before 1977.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 4.1 years of income
About the same as across Minnesota. Try your own numbers below.
That’s $6K short of a typical Leaf Lake home.
A two-bedroom rents for about $1,060 a month here, $930 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Leaf Lake’s typical property tax (0.60% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,060
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Otter Tail County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Leaf Lake vs. its neighbors
Leaf Lake is the 3rd priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Leaf Lake | $347K* | — | $1,060 | — | $84,375 |
| Deer Creek | $252K | +6% | $990 | — | $83,750 |
| Henning | $277K | +5.6% | $970 | 0 | $78,750 |
| Otter Tail | $448K* | — | $1,120 | — | $100,179 |
| Otto | $310K* | +6.2%† | $1,000 | — | $86,429 |
| Ottertail | $369K | +5% | $1,150 | 6 | $80,500 |
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 Leaf Lake buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. 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.