Market Overview
Home Prices in Lake Shore, MN
The median home value in Lake Shore, MN is $768,668 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Shore are priced87% above average. Lake Shore is part of the Brainerd, MN metro area.
Over the past five years, Lake Shore home values have risen by approximately41.3%, reflecting strong long-term appreciation in this market.
Price History
Lake Shore Home Price Trend
City Comparison
Lake Shore vs. National Median
At $768,668, homes in Lake Shore cost 87% above the national median of $410,000. Buyers in Lake Shore should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Shore?
20% Down Payment
$153,734
on $768,668
Monthly P&I
$4,009/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,091/mo
incl. taxes & insurance
Income Needed
$203,640
gross annual (30% rule)
10% Down Option
$76,867
+ PMI applies
Loan Amount (20% dn)
$614,934
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 Shore, MN?
The median home value in Lake Shore is $768,668 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Lake Shore?
Over the past year, home values in Lake Shore have increased by 5.7%. Over five years, prices have risen approximately 41.3%.
How much do I need to earn to buy a home in Lake Shore?
To comfortably afford the median home price of $768,668 with a 20% down payment ($153,734) at today's rates (6.8%), you'd need a gross annual income of approximately $203,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Shore compare to the national average home price?
The national median home value is approximately $410,000. At $768,668, homes in Lake Shore are 87% above the national average.
What metro area is Lake Shore part of?
Lake Shore is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.