The median home in Forest Lake, Minnesota is valued at $408,451, up 1.1% year over year. Typical monthly rent is $1,682, producing a price-to-rent ratio of 20.2x — well above the national average of 18x. Forest Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$408,451

+1.1%

Rent$1,682/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Forest Lake.

Income (annual)

Down Payment

$81,690 on $408,451

Example: $75,000 household income. Change it above to see your own.

Out of reach41.6% of income

Need $111,300/yr to afford.

PITI$2,597

P/I41.6%

Afford$275K

Gap-$133K

P&I $2,065Tax $381Ins $150

Renting $915/mo cheaper ($1,682 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Forest Lake with other housing markets across Minnesota.

Minnetonka Beach$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Forest Lake, MN