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market report · 56501
Detroit Lakes, MN · 56501
42 active listings$380,650 median ask$2,384 est. rent0.6% price/rent
$380,650
Median list price
$2,384/mo
Estimated rent
0.6%
Price / rent ratio
42
Listings
FHFA home price index · 2016–2025
72.7% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.41
Median rent / sqft
34 comps
$243.86
Median sold / sqft
34 comps
—
Walkability
3.7%
Area unemployment
BLS LAUS
Median household income $70,037 · median home value $314,700 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 77).
14 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
34352 State Highway 34, Detroit Lakes, MN 56501
Detroit Lakes, MN
$71,500$1,768/mo2.5%
512 State St, Detroit Lakes, MN 56501
Detroit Lakes, MN
$164,900$2,329/mo1.4%
1229 Madison Ave, Detroit Lakes, MN 56501
Detroit Lakes, MN
$134,900$1,815/mo1.3%
364 Homestead St, Detroit Lakes, MN 56501
Detroit Lakes, MN
$345,000$2,668/mo0.8%
319 Langford St, Detroit Lakes, MN 56501
Detroit Lakes, MN
$239,900$1,828/mo0.8%
1221 Roosevelt Ave, Detroit Lakes, MN 56501
Detroit Lakes, MN
$319,900$2,405/mo0.8%