Market Overview
Home Prices in Medicine Lake, MN
The median home value in Medicine Lake, MN is $1,144,718 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medicine Lake are priced179% above average. Medicine Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Price History
Medicine Lake Home Price Trend
2024
$1,041,626
$1.04M
—
2025
$1,090,839
$1.09M
+4.7%
2026
$1,144,718
$1.14M
+4.9%
City Comparison
Medicine Lake vs. National Median
🏠 Medicine Lake
$1,144,718
National Median
$410,000
At $1,144,718, homes in Medicine Lake cost 179% above the national median of $410,000. Buyers in Medicine Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Medicine Lake?
20% Down Payment
$228,944
on $1,144,718
Monthly P&I
$5,970/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,582/mo
incl. taxes & insurance
Income Needed
$303,280
gross annual (30% rule)
10% Down Option
$114,472
+ PMI applies
Loan Amount (20% dn)
$915,774
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 Medicine Lake, MN?
The median home value in Medicine Lake is $1,144,718 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Medicine Lake?
Over the past year, home values in Medicine Lake have increased by 4.9%.
How much do I need to earn to buy a home in Medicine Lake?
To comfortably afford the median home price of $1,144,718 with a 20% down payment ($228,944) at today's rates (6.8%), you'd need a gross annual income of approximately $303,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Medicine Lake compare to the national average home price?
The national median home value is approximately $410,000. At $1,144,718, homes in Medicine Lake are 179% above the national average.
What metro area is Medicine Lake part of?
Medicine 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.