Lutsen, MN housing market
The typical Lutsen home is worth about $513,000, up 3.9% in a year, 46% above the Minnesota typical home.
Home values, sales, trends and how Lutsen compares with the towns next door — updated as new data is published.
Lutsen at a glance
Typical home value, 2016–2026
Show as a table
| January | Lutsen | Minnesota |
|---|---|---|
| 2017 | $276,000 | $217,000 |
| 2018 | $288,000 | $232,000 |
| 2019 | $296,000 | $246,000 |
| 2020 | $301,000 | $259,000 |
| 2021 | $324,000 | $282,000 |
| 2022 | $384,000 | $313,000 |
| 2023 | $418,000 | $325,000 |
| 2024 | $462,000 | $331,000 |
| 2025 | $496,000 | $341,000 |
| 2026 | $500,000 | $349,000 |
| August 2026 | $513,000 | $351,000 |
Lutsen and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Lutsen | $513K | +3.9% | $1,190 | $86,625 |
| Tofte | $463K | +5.1% | $1,340 | $56,875 |
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 $1,190
HUD's Fair Market Rent for a two-bedroom in Lutsen is $1,190 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lutsen pay a median of $1,154.
Studio $820 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55604, 55612, 55615; Cook 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.