What is the median home value in Lakewood Township, MN?

Name: Home values in Lakewood Township, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Lakewood Township, MN is $378,200 (±$22,732), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Lakewood Township, the median home value went from $289,200 in 2015–2019 to $378,200 in 2020–2024 (+30.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $378,200 (±$22,732)
Owner-occupied homes: 835 (±128)
Most common range: $300,000 to $499,999

Home values in Lakewood Township

Owner-occupied homes by value, 2020–2024
Value	Lakewood Township	St. Louis County	Minnesota	United States
Less than $50,000	3.1% (±2.4 points)	5.1%	4.0%	5.3%
$50,000 to $99,999	0.0% (±2.7 points)	11.5%	3.7%	6.1%
$100,000 to $149,999	1.6% (±1.5 points)	13.1%	5.2%	6.8%
$150,000 to $199,999	2.6% (±1.9 points)	14.5%	8.1%	9.0%
$200,000 to $299,999	17.1% (±6.1 points)	23.6%	22.6%	17.8%
$300,000 to $499,999	56.4% (±8.6 points)	23.0%	36.9%	26.9%
$500,000 to $999,999	17.2% (±5.4 points)	8.3%	17.0%	20.9%
$1,000,000 or more	1.9% (±1.9 points)	1.0%	2.6%	7.1%

The most common range is $300,000 to $499,999, 56.4% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Lakewood Township against St. Louis County, its state and the nation

Estimate (90% margin of error)
	Lakewood Township	St. Louis County	Minnesota	United States
Median home value	$378,200 (±$22,732)	$221,400 (±$3,411)	$329,300 (±$903)	$332,700
Owner-occupied homes	835 (±128)	62,020 (±934)	1,666,687 (±7,556)	84,210,142

In Lakewood Township, the median home value is higher than in St. Louis County ($221,400).

It is also higher than in Minnesota ($329,300).

It is higher than the national figure ($332,700).

In St. Louis County, Lakewood Township ranks 9 of 97 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 370 of 2,558.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Lakewood Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$289,200 (±$16,024)	$378,200 (±$22,732)	+30.8%	No measurable change after inflation
Median owner cost with a mortgage	$1,776 (±$140)	$2,226 (±$213)	+25.3%	No measurable change after inflation
Median real estate taxes	$3,111 (±$250)	$3,739 (±$330)	+20.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Lakewood Township

Nearest places with a published estimate, compared with Lakewood Township
Place	Distance	Median home value	Compared with this place
Lakewood Township	—	$378,200 (±$22,732)	—
Normanna Township	5.9 mi	$382,200 (±$26,399)	Not measurably different
Rice Lake	6.8 mi	$309,600 (±$31,676)	Lower
Duluth Township	7.2 mi	$329,000 (±$34,552)	Lower
Gnesen Township	10 mi	$451,500 (±$41,449)	Higher
North Star Township (St. Louis County)	11 mi	$352,600 (±$54,126)	Not measurably different
Duluth	11 mi	$242,700 (±$4,936)	Lower
Fredenberg Township	13 mi	$426,600 (±$45,506)	Not measurably different
Canosia Township	13 mi	$374,800 (±$50,434)	Not measurably different

Nearby places with a measurably lower figure: Rice Lake, MN ($309,600), Duluth Township, MN ($329,000), Duluth, MN ($242,700).

Nearby places with a measurably higher figure: Gnesen Township, MN ($451,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across St. Louis County, place by place

Rank	Place	Median home value
3	Gnesen Township	$451,500 (±$41,449)
4	Fredenberg Township	$426,600 (±$45,506)
5 (tie)	Crane Lake Township	$400,000 (±$97,378)
5 (tie)	Eagles Nest Township	$400,000 (±$48,399)
7	Hermantown	$382,300 (±$28,253)
8	Normanna Township	$382,200 (±$26,399)
9	Lakewood Township	$378,200 (±$22,732)
10	Canosia Township	$374,800 (±$50,434)
11	French Township	$357,800 (±$26,321)
12	Pequaywan Township	$355,000 (±$47,678)
13	North Star Township (St. Louis County)	$352,600 (±$54,126)
14 (tie)	Duluth Township	$329,000 (±$34,552)
14 (tie)	Grand Lake Township	$329,000 (±$28,980)

Showing 13 of 97 places in St. Louis County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lakewood Township

What is the average home value in Lakewood Township, MN?

The Census Bureau publishes the median: $378,200 (±$22,732) for owner-occupied homes in Lakewood Township (2020–2024 American Community Survey).

Have home values in Lakewood Township gone up?

In Lakewood Township, the median home value went from $289,200 in 2015–2019 to $378,200 in 2020–2024 (+30.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Lakewood Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakewood township, St. Louis County, Minnesota (county subdivision:35234, in state:27 county:137).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.