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.
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Home Value$408,451
+1.1%
Rent$1,682/mo
AFFORDABILITYRenting $915/mo cheaper ($1,682 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Forest Lake.
$81,690 on $408,451
Out of reach — 41.6% of income
Need $111,300/yr to afford.
PITI$2,597
P/I41.6%
Afford$275K
Gap-$133K
P&I $2,065Tax $381Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Minnesota
Compare Forest Lake with other housing markets across Minnesota.
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 →