Market Overview
Home Prices in Sturgeon Lake, MN
The median home value in Sturgeon Lake, MN is $281,586 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sturgeon Lake are priced31% below average. Sturgeon Lake is part of the Duluth, MN-WI metro area.
Over the past five years, Sturgeon Lake home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Sturgeon Lake Home Price Trend
City Comparison
Sturgeon Lake vs. National Median
At $281,586, homes in Sturgeon Lake cost 31% below the national median of $410,000. This makes Sturgeon Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sturgeon Lake?
20% Down Payment
$56,317
on $281,586
Monthly P&I
$1,469/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,866/mo
incl. taxes & insurance
Income Needed
$74,640
gross annual (30% rule)
10% Down Option
$28,159
+ PMI applies
Loan Amount (20% dn)
$225,269
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 Sturgeon Lake, MN?
The median home value in Sturgeon Lake is $281,586 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Sturgeon Lake?
Over the past year, home values in Sturgeon Lake have increased by 3.5%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Sturgeon Lake?
To comfortably afford the median home price of $281,586 with a 20% down payment ($56,317) at today's rates (6.8%), you'd need a gross annual income of approximately $74,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Sturgeon Lake compare to the national average home price?
The national median home value is approximately $410,000. At $281,586, homes in Sturgeon Lake are 31% below the national average.
What metro area is Sturgeon Lake part of?
Sturgeon Lake is part of the Duluth, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.