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Lilydale

Learn about the people, housing, costs and businesses in Lilydale, Minnesota

Median Home$492,973
Median Rent$2,174/month
Population769
Leading IndustriesTransportation · Retail · Arts, Food & Hospitality4% transportation
Home Value Growth+8.4% over 2 years
Retirees30% of residentswell above average
Homeowners87% of occupied units
NotableHigh Incomes$143k/year · top 5% nationally
Lilydale
MN

Frequently Asked Questions

What are today's mortgage rates in Lilydale?

As of today, the 30-year fixed mortgage rate for Lilydale is approximately 6.939% (6.977% 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 Lilydale?

The median home value in Lilydale is $493k. The median monthly rent is $2,174. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lilydale?

Home values in Lilydale have increased 8.4% over the past two years. This represents moderate growth. 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 Lilydale?

Based on a typical all-in ownership cost of $2,059/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lilydale is $143k/year.

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What industries drive the economy in Lilydale?

The largest employment sectors in Lilydale are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.