What are current home values in Forest Lake, MN?

The median home value in Forest Lake, MN is $432,441 as of July 2026. This represents a 0.2% increase compared to last month and a 3.5% increase year-over-year.

How have home values changed in Forest Lake, MN?

Home values in Forest Lake, MN have increased by 0.2% month-over-month and 3.5% year-over-year.

How do home values in Forest Lake, MN compare to Washington County, Minnesota, and the national average?

The median home value in Forest Lake, MN ($432,441) compares to: Washington County ($450,135), Minnesota ($356,066), and the U.S. national median ($371,774).

Forest Lake, MN Housing Market

$432,441

3.5% 1-yr

The average Forest Lake, MN home value is $432,441, up 3.5% over the past year, and homes go to pending in around 32 days. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Forest Lake Key Takeaways

Typical Home Values: $432,441

1-Year Value Change: +3.5%

(Data through July 31, 2026)

Forest Lake Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 93 (July 31, 2026)

New Listings: 32 (July 31, 2026)

Median Sale to List Ratio: 1.000 (June 30, 2026)

Median Sale Price: $432,500 (June 30, 2026)

Median List Price: $452,633 (July 31, 2026)

Percent of Sales Over List Price: 39.3% (June 30, 2026)

Percent of Sales Under List Price: 36.4% (June 30, 2026)

Median Days to Pending: 32 (July 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Forest Lake

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Forest Lake Homes for Sale

$975,000

5 bd4 ba4,008 sqft

21021 Karoline Ct N

View Forest Lake listings

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Forest Lake Rental Market Trends

Average Rent: $1,583 (July 31, 2026)

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: 0.5% (July 31, 2026)

Year-Over-Year Change: 2.4% (July 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.