Market Overview
Home Prices in Ham Lake, MN
The median home value in Ham Lake, MN is $511,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ham Lake are priced25% above average. Ham Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Ham Lake home values have risen by approximately19.9%, reflecting steady appreciation in this market.
Price History
Ham Lake Home Price Trend
City Comparison
Ham Lake vs. National Median
At $511,337, homes in Ham Lake cost 25% above the national median of $410,000. Buyers in Ham Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ham Lake?
20% Down Payment
$102,267
on $511,337
Monthly P&I
$2,667/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,387/mo
incl. taxes & insurance
Income Needed
$135,480
gross annual (30% rule)
10% Down Option
$51,134
+ PMI applies
Loan Amount (20% dn)
$409,070
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 Ham Lake, MN?
The median home value in Ham Lake is $511,337 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Ham Lake?
Over the past year, home values in Ham Lake have increased by 2.6%. Over five years, prices have risen approximately 19.9%.
How much do I need to earn to buy a home in Ham Lake?
To comfortably afford the median home price of $511,337 with a 20% down payment ($102,267) at today's rates (6.8%), you'd need a gross annual income of approximately $135,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Ham Lake compare to the national average home price?
The national median home value is approximately $410,000. At $511,337, homes in Ham Lake are 25% above the national average.
What metro area is Ham Lake part of?
Ham Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.