Housing in Shetek

A typical Shetek home is worth roughly $323,000

Home prices around Shetek have risen about 57% over the past 5 years.

Typical home value

$323K

▼ 4.9% in a year · MN $351K

Estimate

2-bedroom rent

$1,000

a month, utilities in · HUD

Median tax bill

$2,284

MN $3,357

What kind of housing town is Shetek?

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

A second-home town49% of homes are seasonal or vacation homes.Prices coolingDown 4.9% in a year.A town of owners94% of households own their home.

★ What stands out · The homes

94% of Shetek households own their home

Half of Shetek’s homes were built before 1974.

Owners and renters

Own 94%Rent 6%

Minnesota: 72% own.

1974

typical home built · MN 1979

$2,284

median property tax bill · MN $3,357

49%

of homes are seasonal or vacation homes

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

Price trend

Home prices up 57% in 5 years

The federal house price index for the ZIP codes around Shetek rose 57% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 4.9%.

Shetek areaMinnesota

−4.9%

past year

+57%

past 5 years

+92%

past 10 years

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

Affordability

What it takes to buy in Shetek

Try your own numbers below.

You could afford about

$341,000

Typical Shetek home $323K

That covers a typical Shetek home, with $18K to spare.

The typical home, each month

$1,970

Loan $1,600Tax $270Insurance $90

A two-bedroom rents for about $1,000 a month here, $970 less than owning.

Where your budget reaches nearby

The Lakes$397K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% 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 $1,000

Fair Market Rent a month, utilities included

Studio$700

1 bedroom$860

2 bedrooms$1,000

3 bedrooms$1,350

4 bedrooms$1,660

of households rent · MN 28%

renter households

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

Shetek vs. its neighbors

The towns that share a border with Shetek. Tap one to see its housing page.

The Lakes$397K Shetek$323K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Shetek	$323K*	−4.9%†	$1,000	$96,250
The Lakes	$397K*	—	$1,070	$87,969
Monroe	—	−5%†	$1,010	$78,000

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 Shetek buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Shetek 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.