How much does it cost to buy a house in Forest Lake, MN?

In June 2026 Forest Lake homes were listed to buy for a median price of $474K, which is a 3% decrease to May 2025 last month, and a 2% decrease to June 2025 last year. The median value of a home listed to buy in Forest Lake in June 2026 was $212 per sqft, which is a 2% decrease to May 2025 last month, and a 1% decrease to June 2025 last year.

Is it affordable or expensive to live in Forest Lake, MN?

It is expensive to live in Forest Lake. Buying a home in Forest Lake is 1% more expensive compared with the national average.

Is it a good time to buy property in Forest Lake, MN?

Yes now is a good time to buy property in Forest Lake, in June 2026, homes in Forest Lake have decreased in value (price per sqft) by 1% in the last year compared with June 2025.

Is the Forest Lake, MN housing market slowing down?

The housing market in Forest Lake is slowing down. In June 2026, homes to buy in Forest Lake spent an median 36 days on the market, a 2% decrease from June 2025 last year.

What are the best and safest places to live in Forest Lake, MN?

The best and safest neighborhoods to live in Forest Lake in June 2026 are Kenwood, Lowry Hill, Linden Hills, Nicollet Island, Fulton, Lynnhurst, Downtown East, Bryn Mawr, Tangletown, Warehouse District, North Loop, Harpers Street, Cooper, King Field, Powderhorn Park, Eagle Ridge, Prospect Park-East River Road, Minnehaha, Loring Park, Uptown

How much money should I make to buy a house in Forest Lake, MN?

In June 2026, Forest Lake homes were listed to buy for a median price of $474K, with 25% down you would need $2.72K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $93.4K.

Is it a good time to sell my house in Forest Lake, MN?

Yes now is a good time to sell your house in Forest Lake, in June 2026, homes in Forest Lake have decreased in value (price per sqft) by 1% in the last year compared with June 2025.

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Forest Lake, MN Real Estate Snapshot

List Price

$474,900

$/Sqft

$212

Homes For Sale

123

Home Size

2,208 Sqft

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