Market Overview
Home Prices in Pequot Lakes, MN
The median home value in Pequot Lakes, MN is $355,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% 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 Pequot Lakes are priced13% below average. Pequot Lakes is part of the Brainerd, MN metro area.
Over the past five years, Pequot Lakes home values have risen by approximately34.2%, reflecting strong long-term appreciation in this market.
Price History
Pequot Lakes Home Price Trend
City Comparison
Pequot Lakes vs. National Median
At $355,725, homes in Pequot Lakes cost 13% below the national median of $410,000. This makes Pequot Lakes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pequot Lakes?
20% Down Payment
$71,145
on $355,725
Monthly P&I
$1,855/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,356/mo
incl. taxes & insurance
Income Needed
$94,240
gross annual (30% rule)
10% Down Option
$35,573
+ PMI applies
Loan Amount (20% dn)
$284,580
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 Pequot Lakes, MN?
The median home value in Pequot Lakes is $355,725 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Pequot Lakes?
Over the past year, home values in Pequot Lakes have increased by 3.7%. Over five years, prices have risen approximately 34.2%.
How much do I need to earn to buy a home in Pequot Lakes?
To comfortably afford the median home price of $355,725 with a 20% down payment ($71,145) at today's rates (6.8%), you'd need a gross annual income of approximately $94,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Pequot Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $355,725, homes in Pequot Lakes are 13% below the national average.
What metro area is Pequot Lakes part of?
Pequot Lakes is part of the Brainerd, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.