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The Lakes CDP, MN

ZIP 56132 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56132

Median Home Value
$294,600
Median Rent
$400
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,892/mo PITI).

7%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

61.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 56132 in The Lakes CDP, MN, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,892. That is roughly in line with the local median household income ($71,875). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 36% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
95.6%+46% vs US avg
x
Vacancy Rate
36.4%+253% vs US avg
x
Broadband Access
79.9%-8% vs US avg
x
4+ Bedrooms
14.2%-4% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
64.4%+69% vs US avg
x
$294,600
Home Value
$400
Rent
1981
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached96.1%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other3.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$294,600
Median rent$400
Owner-occupied95.6%
Vacant36.4%
Price-to-income4.1x
Est. income to buy$81,000