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market report · 55041
Lake City, MN · 55041
18 active listings$299,950 median ask$2,391 est. rent0.8% price/rent
$299,950
Median list price
$2,391/mo
Estimated rent
0.8%
Price / rent ratio
18
Listings
FHFA home price index · 2016–2025
76.7% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.38
Median rent / sqft
13 comps
$170.50
Median sold / sqft
13 comps
—
Walkability
3.6%
Area unemployment
BLS LAUS
Median household income $78,672 · median home value $275,200 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 97).
3 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
900 Louise Ln, Lake City, MN 55041
Lake City, MN
$39,900$2,055/mo5.2%
201 S Franklin St, Lake City, MN 55041
Lake City, MN
$90,000$1,778/mo2%
303 N Lakeshore Dr, Lake City, MN 55041
Lake City, MN
$279,900$2,431/mo0.9%
624 S 7th St, Lake City, MN 55041
Lake City, MN
$329,900$2,646/mo0.8%
31922 County Road 5, Lake City, MN 55041
Lake City, MN
$300,000$2,264/mo0.8%
321 W Michigan St, Lake City, MN 55041
Lake City, MN
$299,900$2,175/mo0.7%