Market Overview
Home Prices in Howard Lake, MN
The median home value in Howard Lake, MN is $349,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Howard Lake are priced15% below average. Howard Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Howard Lake home values have risen by approximately23.7%, reflecting strong long-term appreciation in this market.
Price History
Howard Lake Home Price Trend
City Comparison
Howard Lake vs. National Median
At $349,314, homes in Howard Lake cost 15% below the national median of $410,000. This makes Howard Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Howard Lake?
20% Down Payment
$69,863
on $349,314
Monthly P&I
$1,822/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,314/mo
incl. taxes & insurance
Income Needed
$92,560
gross annual (30% rule)
10% Down Option
$34,931
+ PMI applies
Loan Amount (20% dn)
$279,451
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 Howard Lake, MN?
The median home value in Howard Lake is $349,314 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Howard Lake?
Over the past year, home values in Howard Lake have increased by 4.1%. Over five years, prices have risen approximately 23.7%.
How much do I need to earn to buy a home in Howard Lake?
To comfortably afford the median home price of $349,314 with a 20% down payment ($69,863) at today's rates (6.8%), you'd need a gross annual income of approximately $92,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Howard Lake compare to the national average home price?
The national median home value is approximately $410,000. At $349,314, homes in Howard Lake are 15% below the national average.
What metro area is Howard Lake part of?
Howard 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.