White Bear Lake, Minnesota Housing Market Prices
White Bear Lake 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 97% below the Minnesota median$6,335
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Median rent 26% above the Minnesota median$1,612
Housing Market Overview
| Metric | White Bear Lake | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,335 | $236,718 | $248,835 |
| Price Trend (Annual %) | -6.5% | 6.6% | 7.5% |
| Median Gross Rent | $1,612 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in White Bear Lake is about 97% lower than in Minnesota. Rent is about 26% 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 White Bear Lake: home prices fell about 6.5% a year while rent rose about 6.2% a year. That is an unusual pattern worth watching.
Median rent in White Bear Lake rose about 66.1% between 2015 and 2024, from $970 to $1,612. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in White Bear Lake.
Buying the median-priced home in White Bear Lake costs roughly 0.3 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 White Bear Lake. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | White Bear Lake | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,335 | $236,718 | $248,835 |
| Median Household Income | $88,290 | $89,852 | $80,455 |
| Price-to-Income Ratio | 0.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in White Bear Lake fell about 96.8%, while median household income rose about 35.3% 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 | White Bear Lake | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 65.5% | 58.5% |
| Rental Rate | 28.8% | 25.2% | 31.2% |
| Vacancy Rate | 4.4% | 9.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
White Bear Lake has a homeownership rate of 66.8%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 4.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | White Bear Lake | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1971 | 1976 | 1978 |
| Median Number of Rooms | 6.0 | 6.1 | 5.5 |
The typical housing unit in White Bear Lake was built around 1971. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in White Bear Lake, Minnesota.
What is the median home price in White Bear Lake, Minnesota?
The median home price in White Bear Lake, Minnesota is $6,335, lower than the Minnesota average of $236,718.
What is the average home price in White Bear Lake, Minnesota?
The typical home price in White Bear Lake, Minnesota, reported as the median sale price, is $6,335. 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 White Bear Lake, Minnesota?
The median gross rent in White Bear Lake, Minnesota is $1,612 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in White Bear Lake in 2020?
In 2020, the median gross rent in White Bear Lake, Minnesota was $1,216 per month.
What is the price-to-rent ratio in White Bear Lake, Minnesota?
The price-to-rent ratio in White Bear Lake, Minnesota is about 0.3, meaning it would take roughly 0.3 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 White Bear Lake.
Are home prices or rent rising faster in White Bear Lake, Minnesota?
Home prices and rent are moving in opposite directions in White Bear Lake: home prices fell about 6.5% a year while rent rose about 6.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in White Bear Lake, Minnesota?
66.8% of households in White Bear Lake, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in White Bear Lake, Minnesota?
The housing vacancy rate in White Bear Lake, Minnesota is 4.4%, lower than the Minnesota average of 9.3%.
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