Long Lake, MN housing market
The typical Long Lake home is worth about $430,000, up 1.7% in a year, 23% above the Minnesota typical home.
Home values, sales, trends and how Long Lake compares with the towns next door — updated as new data is published.
Long Lake at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Long Lake | Minnesota |
|---|---|---|
| 2017 | $281,000 | $217,000 |
| 2018 | $308,000 | $232,000 |
| 2019 | $328,000 | $246,000 |
| 2020 | $332,000 | $259,000 |
| 2021 | $357,000 | $282,000 |
| 2022 | $390,000 | $313,000 |
| 2023 | $402,000 | $325,000 |
| 2024 | $403,000 | $331,000 |
| 2025 | $420,000 | $341,000 |
| 2026 | $425,000 | $349,000 |
| August 2026 | $430,000 | $351,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Long Lake in 2025. That's 0.6 per 1,000 residents, slower than across Minnesota (3.8). Over the past 10 years, Long Lake has permitted 148 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Long Lake's population fell by 27 even though 7 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Minnesota: 2.2 new residents per new home.
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) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $920,000 |
| 2024 | 3 | 3 | 0 | $1.5 million |
| 2023 | 5 | 5 | 0 | $4.6 million |
| 2022 | 133 | 0 | 133 | $38.8 million |
| 2021 | 1 | 1 | 0 | $447,000 |
| 2020 | 2 | 2 | 0 | $921,000 |
| 2019 | 2 | 2 | 0 | $1.8 million |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $347,000 |
| 2015 | 1 | 1 | 0 | $400,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $240,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $475,000 |
| 2010 | 1 | 1 | 0 | $475,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $650,000 |
| 2006 | 1 | 1 | 0 | $355,000 |
| 2005 | 3 | 3 | 0 | $1.2 million |
| 2004 | 10 | 10 | 0 | $3.2 million |
| 2003 | 8 | 8 | 0 | $2.6 million |
| 2002 | 1 | 1 | 0 | $211,000 |
| 2001 | 18 | 8 | 10 | $3.3 million |
| 2000 | 3 | 3 | 0 | $848,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.9 years of income
The typical Long Lake home costs about 3.9 years of the town's median household income, about the same as across Minnesota (3.9).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,180
HUD's Fair Market Rent for a two-bedroom in Long Lake is $2,180 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Long Lake pay a median of $1,809, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $1,580 · 4 bedrooms $3,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55356, 55391; 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, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.