What is the median home value in Martin Lake, MN?

The median value of owner-occupied homes in Martin Lake, MN is $498,400 (±$86,477), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Martin Lake, the median home value went from $214,200 in 2015–2019 to $498,400 in 2020–2024 (+132.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median home value
$498,400 (±$86,477)
Owner-occupied homes
314 (±118)
Most common range
$500,000 to $999,999

Home values in Martin Lake

Owner-occupied homes by value, 2020–2024
ValueMartin LakeAnoka CountyMinnesotaUnited States
Less than $50,0000.0% (±6.9 points)4.4%4.0%5.3%
$50,000 to $99,9990.0% (±6.9 points)1.2%3.7%6.1%
$100,000 to $149,9990.0% (±6.9 points)1.2%5.2%6.8%
$150,000 to $199,9990.0% (±6.9 points)3.8%8.1%9.0%
$200,000 to $299,99920.1% (±15.5 points)24.8%22.6%17.8%
$300,000 to $499,99930.3% (±20.8 points)49.6%36.9%26.9%
$500,000 to $999,99949.7% (±18.2 points)14.3%17.0%20.9%
$1,000,000 or more0.0% (±6.9 points)0.7%2.6%7.1%

The most common range is $500,000 to $999,999, 49.7% 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.

Martin Lake against Anoka County, its state and the nation

Estimate (90% margin of error)
Martin LakeAnoka CountyMinnesotaUnited States
Median home value$498,400 (±$86,477)$346,500 (±$2,349)$329,300 (±$903)$332,700
Owner-occupied homes314 (±118)110,229 (±1,054)1,666,687 (±7,556)84,210,142

In Martin Lake, the median home value is higher than in Anoka County ($346,500).

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

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

How home values in Martin Lake have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median home value$214,200 (±$19,491)$498,400 (±$86,477)+132.7%Up after inflation
Median owner cost with a mortgage$1,375 (±$198)$1,726 (±$943)+25.5%No measurable change after inflation
Median real estate taxes$1,902 (±$183)$4,042 (±$1,072)+112.5%Up 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 Martin Lake

Nearest places with a published estimate, compared with Martin Lake
PlaceDistanceMedian home valueCompared with this place
Martin Lake—$498,400 (±$86,477)—
Oxford Township3.9 mi$388,000 (±$35,308)Lower
Stacy6.4 mi$323,800 (±$18,524)Lower
East Bethel6.5 mi$363,900 (±$17,073)Lower
Wyoming6.6 mi$365,700 (±$16,511)Lower
Athens Township7.2 mi$324,000 (±$29,890)Lower
Chisago City8.4 mi$413,000 (±$37,843)Not measurably different
Columbus8.9 mi$460,200 (±$23,207)Not measurably different
Bethel9.1 mi$267,800 (±$14,757)Lower

Nearby places with a measurably lower figure: Oxford Township, MN ($388,000), Stacy, MN ($323,800), East Bethel, MN ($363,900).

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

Martin Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Linwood Township, whose figures include it.

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

Margins of error are at the 90% confidence level.

What you can do on Seayora in Martin Lake

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Martin Lake beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Martin Lake, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Martin Lake, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Martin Lake

What is the average home value in Martin Lake, MN?

The Census Bureau publishes the median: $498,400 (±$86,477) for owner-occupied homes in Martin Lake (2020–2024 American Community Survey).

Have home values in Martin Lake gone up?

In Martin Lake, the median home value went from $214,200 in 2015–2019 to $498,400 in 2020–2024 (+132.7%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Martin Lake 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 Martin Lake CDP, Minnesota (place:40814, in state:27).

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.

Figures last updated on .

Related