Market Overview
Home Prices in Lakeland Shores, MN
The median home value in Lakeland Shores, MN is $533,152 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakeland Shores are priced30% above average. Lakeland Shores is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Lakeland Shores home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Lakeland Shores Home Price Trend
City Comparison
Lakeland Shores vs. National Median
At $533,152, homes in Lakeland Shores cost 30% above the national median of $410,000. Buyers in Lakeland Shores should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lakeland Shores?
20% Down Payment
$106,630
on $533,152
Monthly P&I
$2,781/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,532/mo
incl. taxes & insurance
Income Needed
$141,280
gross annual (30% rule)
10% Down Option
$53,315
+ PMI applies
Loan Amount (20% dn)
$426,522
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 Lakeland Shores, MN?
The median home value in Lakeland Shores is $533,152 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Lakeland Shores?
Over the past year, home values in Lakeland Shores have increased by 4.8%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Lakeland Shores?
To comfortably afford the median home price of $533,152 with a 20% down payment ($106,630) at today's rates (6.8%), you'd need a gross annual income of approximately $141,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakeland Shores compare to the national average home price?
The national median home value is approximately $410,000. At $533,152, homes in Lakeland Shores are 30% above the national average.
What metro area is Lakeland Shores part of?
Lakeland Shores is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.