Market Overview
Home Prices in Cass Lake, MN
The median home value in Cass Lake, MN is $245,632 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cass Lake are priced40% below average. Cass Lake is part of the Brainerd, MN metro area.
Over the past five years, Cass Lake home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Cass Lake Home Price Trend
City Comparison
Cass Lake vs. National Median
At $245,632, homes in Cass Lake cost 40% below the national median of $410,000. This makes Cass Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cass Lake?
20% Down Payment
$49,126
on $245,632
Monthly P&I
$1,281/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,627/mo
incl. taxes & insurance
Income Needed
$65,080
gross annual (30% rule)
10% Down Option
$24,563
+ PMI applies
Loan Amount (20% dn)
$196,506
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cass Lake, MN?
The median home value in Cass Lake is $245,632 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Cass Lake?
Over the past year, home values in Cass Lake have increased by 3.8%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Cass Lake?
To comfortably afford the median home price of $245,632 with a 20% down payment ($49,126) at today's rates (6.8%), you'd need a gross annual income of approximately $65,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Cass Lake compare to the national average home price?
The national median home value is approximately $410,000. At $245,632, homes in Cass Lake are 40% below the national average.
What metro area is Cass Lake part of?
Cass Lake is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.