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

Name: Home values in Rice Lake, 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 Rice Lake, MN is $309,600 (±$31,676), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Rice Lake, the median home value went from $209,500 in 2015–2019 to $309,600 in 2020–2024 (+47.8%).

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 November 12, 2026.

Median home value: $309,600 (±$31,676)
Owner-occupied homes: 1,537 (±157)
Most common range: $300,000 to $499,999

Home values in Rice Lake

Owner-occupied homes by value, 2020–2024
Value	Rice Lake	St. Louis County	Minnesota	United States
Less than $50,000	3.2% (±2.2 points)	5.1%	4.0%	5.3%
$50,000 to $99,999	0.5% (±0.9 points)	11.5%	3.7%	6.1%
$100,000 to $149,999	11.6% (±8.6 points)	13.1%	5.2%	6.8%
$150,000 to $199,999	10.3% (±4.9 points)	14.5%	8.1%	9.0%
$200,000 to $299,999	21.9% (±6.5 points)	23.6%	22.6%	17.8%
$300,000 to $499,999	44.4% (±9.2 points)	23.0%	36.9%	26.9%
$500,000 to $999,999	8.1% (±4.0 points)	8.3%	17.0%	20.9%
$1,000,000 or more	0.0% (±1.5 points)	1.0%	2.6%	7.1%

The most common range is $300,000 to $499,999, 44.4% 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.

Rice Lake against St. Louis County, its state and the nation

Estimate (90% margin of error)
	Rice Lake	St. Louis County	Minnesota	United States
Median home value	$309,600 (±$31,676)	$221,400 (±$3,411)	$329,300 (±$903)	$332,700
Owner-occupied homes	1,537 (±157)	62,020 (±934)	1,666,687 (±7,556)	84,210,142

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

It is not measurably different from Minnesota ($329,300).

It is not measurably different from the national figure ($332,700).

In St. Louis County, Rice Lake ranks 17 of 97 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 784 of 2,558.

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

How home values in Rice Lake 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	$209,500 (±$18,679)	$309,600 (±$31,676)	+47.8%	Up after inflation
Median owner cost with a mortgage	$1,415 (±$97)	$1,784 (±$152)	+26.1%	No measurable change after inflation
Median real estate taxes	$2,367 (±$203)	$3,216 (±$447)	+35.9%	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 Rice Lake

Nearest places with a published estimate, compared with Rice Lake
Place	Distance	Median home value	Compared with this place
Rice Lake	—	$309,600 (±$31,676)	—
Canosia Township	6.1 mi	$374,800 (±$50,434)	Higher
Lakewood Township	6.8 mi	$378,200 (±$22,732)	Higher
Fredenberg Township	6.8 mi	$426,600 (±$45,506)	Higher
Gnesen Township	7.9 mi	$451,500 (±$41,449)	Higher
Hermantown	9.0 mi	$382,300 (±$28,253)	Higher
Duluth	9.3 mi	$242,700 (±$4,936)	Lower
Normanna Township	9.8 mi	$382,200 (±$26,399)	Higher
Grand Lake Township	11 mi	$329,000 (±$28,980)	Not measurably different

Nearby places with a measurably lower figure: Duluth, MN ($242,700).

Nearby places with a measurably higher figure: Canosia Township, MN ($374,800), Lakewood Township, MN ($378,200), Fredenberg Township, MN ($426,600).

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
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)
16	Kabetogama Township	$311,500 (±$56,662)
17	Rice Lake	$309,600 (±$31,676)
18	Fine Lakes Township	$304,500 (±$79,270)
19	Midway Township (St. Louis County)	$302,100 (±$29,841)
20	Northland Township (St. Louis County)	$301,900 (±$34,010)
21	Morse Township (St. Louis County)	$300,400 (±$39,106)
22	Fayal Township	$293,600 (±$23,559)
23	Solway Township	$288,400 (±$34,607)

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 Rice Lake

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

The Census Bureau publishes the median: $309,600 (±$31,676) for owner-occupied homes in Rice Lake (2020–2024 American Community Survey).

Have home values in Rice Lake gone up?

In Rice Lake, the median home value went from $209,500 in 2015–2019 to $309,600 in 2020–2024 (+47.8%).

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 Rice 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 Rice Lake city, Minnesota (place:54060, 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.