Lino Lakes, Minnesota Housing Market Prices
Lino Lakes Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% above the Minnesota median$275,000
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Median rent 46% above the Minnesota median$1,873
Housing Market Overview
| Metric | Lino Lakes | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $236,718 | $248,835 |
| Price Trend (Annual %) | -9.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,873 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 6.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lino Lakes is about 16% higher than in Minnesota. Rent is about 46% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Lino Lakes: home prices fell about 9.5% a year while rent rose about 6.8% a year. That is an unusual pattern worth watching.
Median rent in Lino Lakes rose about 66.9% between 2015 and 2024, from $1,122 to $1,873. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Lino Lakes.
Buying the median-priced home in Lino Lakes costs roughly 12.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lino Lakes. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Lino Lakes | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $236,718 | $248,835 |
| Median Household Income | $127,782 | $89,852 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lino Lakes fell about 2.6%, while median household income rose about 24.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lino Lakes | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 90.8% | 65.5% | 58.5% |
| Rental Rate | 7.8% | 25.2% | 31.2% |
| Vacancy Rate | 1.4% | 9.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Lino Lakes has a homeownership rate of 90.8%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 1.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Lino Lakes | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1994 | 1976 | 1978 |
| Median Number of Rooms | 7.6 | 6.1 | 5.5 |
The typical housing unit in Lino Lakes was built around 1994. On average, 2.7 people live in a home with about 7.6 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lino Lakes, Minnesota.
What is the median home price in Lino Lakes, Minnesota?
The median home price in Lino Lakes, Minnesota is $275,000, higher than the Minnesota average of $236,718.
What is the average home price in Lino Lakes, Minnesota?
The typical home price in Lino Lakes, Minnesota, reported as the median sale price, is $275,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lino Lakes, Minnesota?
The median gross rent in Lino Lakes, Minnesota is $1,873 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Lino Lakes in 2020?
In 2020, the median gross rent in Lino Lakes, Minnesota was $1,417 per month.
What is the price-to-rent ratio in Lino Lakes, Minnesota?
The price-to-rent ratio in Lino Lakes, Minnesota is about 12.2, meaning it would take roughly 12.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lino Lakes.
Are home prices or rent rising faster in Lino Lakes, Minnesota?
Home prices and rent are moving in opposite directions in Lino Lakes: home prices fell about 9.5% a year while rent rose about 6.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Lino Lakes, Minnesota?
90.8% of households in Lino Lakes, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Lino Lakes, Minnesota?
The housing vacancy rate in Lino Lakes, Minnesota is 1.4%, lower than the Minnesota average of 9.3%.
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