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The median home value in Forest Lake, MN is $432,441 as of 2026-07-31, up 3.47% from a year earlier.
Median Home Value
$432,441
Year-over-Year
+3.47%
Population
20,680
Forest Lake ranks #24 of 112 Minnesota cities tracked here by median home value, and sits 21.5% above the state's city median of $355,920. It sits in Washington County, where the county-wide median is $450,135.
Median household income in Forest Lake is $92,944, so the typical home value is about 4.7× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Forest Lake police recorded a violent crime rate of 121 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,475 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Forest Lake, that value is $432,441. That's up 3.47% from a year earlier. It is about 21.5% above the typical Minnesota city tracked here.
Homes in Forest Lake are cheaper than Washington County as a whole, where the median is $450,135 — a difference of about 3.9%.
Median household income here is $92,944, so the typical home value is about 4.7× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Forest Lake police reported 121 violent crimes per 100,000 residents, covering a population of about 20,680. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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