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Lake Park Audubon

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

Median Home$392,268
Median Rent$910/month
Population5,419
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade6% construction
Home Value Growth⬆⬆⬆+21.4% over 2 years
Retirees24% of residentsabove average nationally
Homeowners91% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 17% nationally
NotableHigh Incomes$91k/year · top 24% nationally
Lake Park Audubon
MN

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Frequently Asked Questions

What are today's mortgage rates in Lake Park Audubon?

As of today, the 30-year fixed mortgage rate for Lake Park Audubon is approximately 6.916% (6.953% 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 Park Audubon?

The median home value in Lake Park Audubon is $392k. The median monthly rent is $910. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Park Audubon?

Home values in Lake Park Audubon have increased 21.4% 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 Park Audubon?

Based on a typical all-in ownership cost of $1,211/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Park Audubon is $91k/year.

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What industries drive the economy in Lake Park Audubon?

The largest employment sectors in Lake Park Audubon are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.