House Prices

House Prices & Home Values Bingham Lake, MN 2026


Average Data

average house price$195,324
average size per house1667 ft²
average price per ft²118 $ / ft²

05/03/2026 - The value range (VR) for house prices in Bingham Lake, MN is $91/ sqft to $91/ sqft. An average home with 1667 sqft costs approximately $151,697 to $151,697. Bingham Lake, MN includes 1 ZIP codes and it is located in Cottonwood county. The lowest prices are found in ZIP 56118, while the highest are in ZIP 56118. The average price per sqare feet is $118. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Bingham Lake

5611883 $ / ft²




Historical development of home values in Bingham Lake

Year Estimated value (USD) Change vs. 2025
2010 $90,712 -53.6%
2011 $87,204 -55.4%
2012 $86,969 -55.5%
2013 $90,220 -53.8%
2014 $94,706 -51.5%
2015 $99,567 -49.0%
2016 $104,763 -46.4%
2017 $110,417 -43.5%
2018 $116,522 -40.3%
2019 $121,925 -37.6%
2020 $128,228 -34.4%
2021 $145,845 -25.3%
2022 $170,023 -13.0%
2023 $179,297 -8.2%
2024 $189,670 -2.9%
2025 $195,324 0.0%

Graph: estimated home values in Bingham Lake over time (USD)



Example: 100% financing house in Bingham Lake

Loan amount: $195,324

Interest rate: 6.00%

Fixed monthly payment: $1,171.07

Breakdown in the 1st month:
Interest portion: $976.62  –  Principal portion: $194.45

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,654.19 $2,398.60 $192,925.40
2 $11,506.25 $2,546.54 $190,378.86
3 $11,349.19 $2,703.61 $187,675.25
4 $11,182.43 $2,870.36 $184,804.89
5 $11,005.40 $3,047.40 $181,757.49
6 $10,817.44 $3,235.35 $178,522.14
7 $10,617.89 $3,434.90 $175,087.23
8 $10,406.03 $3,646.76 $171,440.47
9 $10,181.11 $3,871.69 $167,568.79
10 $9,942.31 $4,110.48 $163,458.31
11 $9,688.78 $4,364.01 $159,094.30
12 $9,419.62 $4,633.17 $154,461.13
13 $9,133.86 $4,918.93 $149,542.19
14 $8,830.47 $5,222.32 $144,319.87
15 $8,508.37 $5,544.42 $138,775.44
16 $8,166.40 $5,886.39 $132,889.05
17 $7,803.34 $6,249.45 $126,639.60
18 $7,417.89 $6,634.91 $120,004.69
19 $7,008.66 $7,044.13 $112,960.56
20 $6,574.19 $7,478.60 $105,481.96
21 $6,112.93 $7,939.86 $97,542.10
22 $5,623.22 $8,429.58 $89,112.53
23 $5,103.30 $8,949.49 $80,163.04
24 $4,551.31 $9,501.48 $70,661.56
25 $3,965.28 $10,087.51 $60,574.05
26 $3,343.11 $10,709.68 $49,864.37
27 $2,682.56 $11,370.23 $38,494.13
28 $1,981.27 $12,071.52 $26,422.61
29 $1,236.72 $12,816.07 $13,606.54
30 $446.26 $13,606.54 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Bingham Lake, MN


1500 sqft3900 sqft
Ø selling price$214,171$455,599
Ø fast selling$194,701$410,039
Ø high price sale$233,641$501,158

In 2026, houses in Bingham Lake, MN will be offered at an average price of $118 per square foot. A 1,500 sqft home priced at $214,171 is 20.84% more expensive per square foot than a 3,900 sqft home priced at $455,599. Home prices in Bingham Lake, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $315,414. Sellers who can wait longer may achieve a higher price of up to $385,507.


Your Guide to Bingham Lake, MN

Location & Overview

Nestled in Cottonwood County, Bingham Lake, MN is a small, welcoming community in the heart of southern Minnesota.
Close to Windom along U.S. Highway 60, Bingham Lake Minnesota blends rural charm with convenient regional access.

Outdoor Recreation

The town?s namesake lake invites anglers for year-round fishing, with opportunities for walleye, perch, and panfish.
Bird-watchers and paddlers enjoy quiet shorelines, prairie sunsets, and seasonal migrations across this serene prairie water.

Community & Lifestyle

Residents value tight-knit community events, local churches, and proximity to parks and the Windom Area Schools.
Affordable living, low traffic, and open skies make Bingham Lake ideal for those seeking a slower pace without losing essential amenities.

Economy & Real Estate

Agriculture and small businesses anchor the local economy, while nearby employers in Windom and Jackson expand job options.
Homebuyers will find modest single-family homes and acreage properties, offering value in the Southern Minnesota real estate market.

Getting There & Nearby Attractions

Driving is straightforward via Highway 60, with regional access to Mankato, Sioux Falls, and I-90 for broader travel.
Popular nearby attractions include the Cottonwood County Historical Society in Windom and the ancient Jeffers Petroglyphs, perfect additions to any Bingham Lake, MN itinerary.



FAQ – Home Values in Bingham Lake

What is the median home value in Bingham Lake in 2026?

In 2026, the typical home value in Bingham Lake is about $195,324 for an average home size of 1667 square feet. This corresponds to an average price of roughly $118 per square foot.

What is the average cost per square foot in Bingham Lake?

In 2026, homes in Bingham Lake sell for an average of around $118 per square foot, with a typical range between $91 and $91 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Bingham Lake is about 1667 square feet, with an estimated 2026 value around $195,324.



Locations close to Bingham Lake, MN

Brewster, MN95 $ / ft²
Butterfield, MN122 $ / ft²
Ceylon, MN135 $ / ft²
Bigelow, MN154 $ / ft²
Beaver Creek, MN95 $ / ft²
Balaton, MN105 $ / ft²
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