House Prices

House Prices & Home Values Mountain Lake, MN 2026


Average Data

average house price$105,789
average size per house1384 ft²
average price per ft²77 $ / ft²

05/02/2026 - The value range (VR) for house prices in Mountain Lake, MN is $76/ sqft to $76/ sqft. An average home with 1384 sqft costs approximately $105,184 to $105,184. Mountain Lake, MN includes 1 ZIP codes and it is located in Cottonwood county. The lowest prices are found in ZIP 56159, while the highest are in ZIP 56159. The average price per sqare feet is $77. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Mountain Lake

5615972 $ / ft²




Historical development of home values in Mountain Lake

Year Estimated value (USD) Change vs. 2025
2010 $49,130 -53.6%
2011 $47,230 -55.4%
2012 $47,103 -55.5%
2013 $48,864 -53.8%
2014 $51,294 -51.5%
2015 $53,926 -49.0%
2016 $56,740 -46.4%
2017 $59,803 -43.5%
2018 $63,109 -40.3%
2019 $66,035 -37.6%
2020 $69,449 -34.4%
2021 $78,991 -25.3%
2022 $92,086 -13.0%
2023 $97,109 -8.2%
2024 $102,726 -2.9%
2025 $105,789 0.0%

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



Example: 100% financing house in Mountain Lake

Loan amount: $105,789

Interest rate: 6.00%

Fixed monthly payment: $634.26

Breakdown in the 1st month:
Interest portion: $528.95  –  Principal portion: $105.31

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,312.00 $1,299.10 $104,489.90
2 $6,231.88 $1,379.23 $103,110.67
3 $6,146.81 $1,464.29 $101,646.38
4 $6,056.49 $1,554.61 $100,091.77
5 $5,960.61 $1,650.49 $98,441.27
6 $5,858.81 $1,752.29 $96,688.98
7 $5,750.73 $1,860.37 $94,828.61
8 $5,635.99 $1,975.11 $92,853.50
9 $5,514.17 $2,096.93 $90,756.56
10 $5,384.83 $2,226.27 $88,530.29
11 $5,247.52 $2,363.58 $86,166.71
12 $5,101.74 $2,509.36 $83,657.35
13 $4,946.97 $2,664.13 $80,993.22
14 $4,782.65 $2,828.45 $78,164.77
15 $4,608.20 $3,002.90 $75,161.86
16 $4,422.99 $3,188.12 $71,973.75
17 $4,226.35 $3,384.75 $68,588.99
18 $4,017.59 $3,593.52 $64,995.48
19 $3,795.95 $3,815.16 $61,180.32
20 $3,560.64 $4,050.47 $57,129.85
21 $3,310.81 $4,300.29 $52,829.56
22 $3,045.58 $4,565.52 $48,264.04
23 $2,763.99 $4,847.12 $43,416.92
24 $2,465.03 $5,146.07 $38,270.85
25 $2,147.63 $5,463.47 $32,807.38
26 $1,810.65 $5,800.45 $27,006.93
27 $1,452.89 $6,158.21 $20,848.72
28 $1,073.07 $6,538.03 $14,310.69
29 $669.82 $6,941.28 $7,369.41
30 $241.70 $7,369.41 $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 Mountain Lake, MN


1500 sqft3900 sqft
Ø selling price$139,756$297,297
Ø fast selling$127,051$267,568
Ø high price sale$152,460$327,027

In 2026, houses in Mountain Lake, MN will be offered at an average price of $77 per square foot. A 1,500 sqft home priced at $139,756 is 21.60% more expensive per square foot than a 3,900 sqft home priced at $297,297. Home prices in Mountain Lake, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $205,822. Sellers who can wait longer may achieve a higher price of up to $251,560.


Discover Mountain Lake, MN

Overview

Mountain Lake, MN is a welcoming small city in Cottonwood County in southwestern Minnesota.
Travelers appreciate its safe neighborhoods, prairie scenery, and convenient access via U.S. Highway 60.

History and Heritage

The community is known for its rich Mennonite heritage and a living-history Heritage Village that preserves pioneer-era buildings. Downtown Mountain Lake blends historic storefronts with modern services, creating a walkable hub for shopping and local dining.

Outdoor Recreation

The namesake lake and city parks offer fishing, paddling, and family-friendly trails, with excellent birding during migration seasons. Visitors can enjoy playgrounds, picnic shelters, and community events by the water, making Mountain Lake a year-round recreation spot.

Economy and Education

Agriculture and small manufacturing anchor the local economy, while entrepreneurs find support through an active chamber of commerce. Quality K?12 schools and youth programs reflect the town?s commitment to education, athletics, and the arts.

Plan Your Visit

Plan your trip around Mountain Lake Pow Wow Days for parades, music, and traditional foods, or explore seasonal farmers markets and festivals. Whether you are relocating or road-tripping, Mountain Lake, Minnesota offers friendly hospitality, affordable living, and plenty of things to do.



FAQ – Home Values in Mountain Lake

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

In 2026, the typical home value in Mountain Lake is about $105,789 for an average home size of 1384 square feet. This corresponds to an average price of roughly $77 per square foot.

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

In 2026, homes in Mountain Lake sell for an average of around $77 per square foot, with a typical range between $76 and $76 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 Mountain Lake is about 1384 square feet, with an estimated 2026 value around $105,789.



Locations close to Mountain Lake, MN

Odin, MN71 $ / ft²
Okabena, MN72 $ / ft²
Ormsby, MN38 $ / ft²
Magnolia, MN91 $ / ft²
Lynd, MN85 $ / ft²
Luverne, MN101 $ / ft²
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