Market Overview
Home Prices in Moose Lake, MN
The median home value in Moose Lake, MN is $288,013 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Moose Lake are priced30% below average. Moose Lake is part of the Duluth, MN-WI metro area.
Over the past five years, Moose Lake home values have risen by approximately40.1%, reflecting strong long-term appreciation in this market.
Price History
Moose Lake Home Price Trend
City Comparison
Moose Lake vs. National Median
At $288,013, homes in Moose Lake cost 30% below the national median of $410,000. This makes Moose Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Moose Lake?
20% Down Payment
$57,603
on $288,013
Monthly P&I
$1,502/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,908/mo
incl. taxes & insurance
Income Needed
$76,320
gross annual (30% rule)
10% Down Option
$28,801
+ PMI applies
Loan Amount (20% dn)
$230,410
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 Moose Lake, MN?
The median home value in Moose Lake is $288,013 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Moose Lake?
Over the past year, home values in Moose Lake have increased by 5.8%. Over five years, prices have risen approximately 40.1%.
How much do I need to earn to buy a home in Moose Lake?
To comfortably afford the median home price of $288,013 with a 20% down payment ($57,603) at today's rates (6.8%), you'd need a gross annual income of approximately $76,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Moose Lake compare to the national average home price?
The national median home value is approximately $410,000. At $288,013, homes in Moose Lake are 30% below the national average.
What metro area is Moose Lake part of?
Moose Lake is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.