Market Overview
Home Prices in Lake Lillian, MN
The median home value in Lake Lillian, MN is $303,551 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Lillian are priced26% below average. Lake Lillian is part of the Willmar, MN metro area.
Over the past five years, Lake Lillian home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Lake Lillian Home Price Trend
City Comparison
Lake Lillian vs. National Median
At $303,551, homes in Lake Lillian cost 26% below the national median of $410,000. This makes Lake Lillian a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lake Lillian?
20% Down Payment
$60,710
on $303,551
Monthly P&I
$1,583/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,010/mo
incl. taxes & insurance
Income Needed
$80,400
gross annual (30% rule)
10% Down Option
$30,355
+ PMI applies
Loan Amount (20% dn)
$242,841
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 Lake Lillian, MN?
The median home value in Lake Lillian is $303,551 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Lake Lillian?
Over the past year, home values in Lake Lillian have increased by 3%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Lake Lillian?
To comfortably afford the median home price of $303,551 with a 20% down payment ($60,710) at today's rates (6.8%), you'd need a gross annual income of approximately $80,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Lillian compare to the national average home price?
The national median home value is approximately $410,000. At $303,551, homes in Lake Lillian are 26% below the national average.
What metro area is Lake Lillian part of?
Lake Lillian is part of the Willmar, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.