Market Overview
Home Prices in Wood Lake, MN
The median home value in Wood Lake, MN is $179,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.9% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wood Lake are priced56% below average.
Over the past five years, Wood Lake home values have risen by approximately19.3%, reflecting steady appreciation in this market.
Price History
Wood Lake Home Price Trend
2021
$150,765
$151K
—
2022
$167,484
$167K
+11.1%
2023
$162,691
$163K
-2.9%
2024
$159,742
$160K
-1.8%
2025
$163,714
$164K
+2.5%
2026
$179,863
$180K
+9.9%
City Comparison
Wood Lake vs. National Median
🏠 Wood Lake
$179,863
National Median
$410,000
At $179,863, homes in Wood Lake cost 56% below the national median of $410,000. This makes Wood Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wood Lake?
20% Down Payment
$35,973
on $179,863
Monthly P&I
$938/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,191/mo
incl. taxes & insurance
Income Needed
$47,640
gross annual (30% rule)
10% Down Option
$17,986
+ PMI applies
Loan Amount (20% dn)
$143,890
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 Wood Lake, MN?
The median home value in Wood Lake is $179,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.9% year-over-year.
How much have home prices changed in Wood Lake?
Over the past year, home values in Wood Lake have increased by 9.9%. Over five years, prices have risen approximately 19.3%.
How much do I need to earn to buy a home in Wood Lake?
To comfortably afford the median home price of $179,863 with a 20% down payment ($35,973) at today's rates (6.8%), you'd need a gross annual income of approximately $47,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Wood Lake compare to the national average home price?
The national median home value is approximately $410,000. At $179,863, homes in Wood Lake are 56% below the national average.