Round Lake, MN housing market
The typical Round Lake home is worth about $175,000, up 7.6% in a year, 50% below the Minnesota typical home.
Home values, sales, trends and how Round Lake compares with the towns next door — updated as new data is published.
Round Lake at a glance
Typical home value, 2016–2026
Show as a table
| January | Round Lake | Minnesota |
|---|---|---|
| 2017 | $101,000 | $217,000 |
| 2018 | $99,000 | $232,000 |
| 2019 | $98,000 | $246,000 |
| 2020 | $101,000 | $259,000 |
| 2021 | $114,000 | $282,000 |
| 2022 | $129,000 | $313,000 |
| 2023 | $142,000 | $325,000 |
| 2024 | $145,000 | $331,000 |
| 2025 | $156,000 | $341,000 |
| 2026 | $170,000 | $349,000 |
| August 2026 | $175,000 | $351,000 |
Round Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Round Lake | $175K | +7.6% | $1,070 | $98,750 |
| Indian Lake | — | +4.6%† | $1,070 | $74,375 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Round Lake is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $750 · 4 bedrooms $1,410
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56167, 56187; 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.