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Lake Crystal

Learn about the people, housing, costs and businesses in Lake Crystal, Minnesota

Median Home$212,000
Median Rent$835/month
Population2,448
Leading IndustriesRetail · Education · Construction21% retail
Home Value Growth+10.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners84% of occupied units
Lake Crystal
MN

Frequently Asked Questions

What are today's mortgage rates in Lake Crystal?

As of today, the 30-year fixed mortgage rate for Lake Crystal is approximately 6.971% (7.013% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Crystal?

The median home value in Lake Crystal is $212k. The median monthly rent is $835. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Crystal?

Home values in Lake Crystal have increased 10.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Crystal?

Based on a typical all-in ownership cost of $1,112/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Crystal is $85k/year.

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What industries drive the economy in Lake Crystal?

The largest employment sectors in Lake Crystal are public administration (26%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.