Market Overview
Home Prices in Eagle Lake, MN
The median home value in Eagle Lake, MN is $345,861 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eagle Lake are priced16% below average. Eagle Lake is part of the Mankato, MN metro area.
Over the past five years, Eagle Lake home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Eagle Lake Home Price Trend
City Comparison
Eagle Lake vs. National Median
At $345,861, homes in Eagle Lake cost 16% below the national median of $410,000. This makes Eagle Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eagle Lake?
20% Down Payment
$69,172
on $345,861
Monthly P&I
$1,804/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,291/mo
incl. taxes & insurance
Income Needed
$91,640
gross annual (30% rule)
10% Down Option
$34,586
+ PMI applies
Loan Amount (20% dn)
$276,689
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 Eagle Lake, MN?
The median home value in Eagle Lake is $345,861 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Eagle Lake?
Over the past year, home values in Eagle Lake have increased by 3.4%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Eagle Lake?
To comfortably afford the median home price of $345,861 with a 20% down payment ($69,172) at today's rates (6.8%), you'd need a gross annual income of approximately $91,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Eagle Lake compare to the national average home price?
The national median home value is approximately $410,000. At $345,861, homes in Eagle Lake are 16% below the national average.
What metro area is Eagle Lake part of?
Eagle Lake is part of the Mankato, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.