House Prices

House Prices & Home Values Lake George, MN 2026


Average Data

average house price$267,459
average size per house1301 ft²
average price per ft²206 $ / ft²

05/21/2026 - The value range (VR) for house prices in Lake George, MN is $148/ sqft to $148/ sqft. An average home with 1301 sqft costs approximately $192,548 to $192,548. Lake George, MN includes 1 ZIP codes and it is located in Hubbard county. The lowest prices are found in ZIP 56458, while the highest are in ZIP 56458. The average price per sqare feet is $206. Our analysis is based on 17 property listings.

Avergage prices by ZIP codes Lake George

56458143 $ / ft²




Historical development of home values in Lake George

Year Estimated value (USD) Change vs. 2025
2010 $124,213 -53.6%
2011 $119,409 -55.4%
2012 $119,088 -55.5%
2013 $123,539 -53.8%
2014 $129,682 -51.5%
2015 $136,338 -49.0%
2016 $143,453 -46.4%
2017 $151,196 -43.5%
2018 $159,555 -40.3%
2019 $166,953 -37.6%
2020 $175,583 -34.4%
2021 $199,707 -25.3%
2022 $232,814 -13.0%
2023 $245,513 -8.2%
2024 $259,716 -2.9%
2025 $267,459 0.0%

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



Example: 100% financing house in Lake George

Loan amount: $267,459

Interest rate: 6.00%

Fixed monthly payment: $1,603.55

Breakdown in the 1st month:
Interest portion: $1,337.30  –  Principal portion: $266.26

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,958.19 $3,284.43 $264,174.57
2 $15,755.62 $3,487.00 $260,687.57
3 $15,540.55 $3,702.07 $256,985.49
4 $15,312.21 $3,930.41 $253,055.08
5 $15,069.79 $4,172.83 $248,882.25
6 $14,812.42 $4,430.20 $244,452.05
7 $14,539.18 $4,703.45 $239,748.61
8 $14,249.08 $4,993.54 $234,755.06
9 $13,941.09 $5,301.54 $229,453.53
10 $13,614.10 $5,628.52 $223,825.00
11 $13,266.94 $5,975.68 $217,849.33
12 $12,898.38 $6,344.24 $211,505.08
13 $12,507.08 $6,735.54 $204,769.54
14 $12,091.65 $7,150.98 $197,618.56
15 $11,650.59 $7,592.03 $190,026.53
16 $11,182.33 $8,060.29 $181,966.24
17 $10,685.19 $8,557.43 $173,408.80
18 $10,157.38 $9,085.24 $164,323.56
19 $9,597.03 $9,645.60 $154,677.97
20 $9,002.11 $10,240.52 $144,437.45
21 $8,370.49 $10,872.13 $133,565.32
22 $7,699.93 $11,542.70 $122,022.63
23 $6,988.00 $12,254.63 $109,768.00
24 $6,232.16 $13,010.46 $96,757.54
25 $5,429.70 $13,812.92 $82,944.62
26 $4,577.75 $14,664.87 $68,279.75
27 $3,673.25 $15,569.37 $52,710.38
28 $2,712.97 $16,529.65 $36,180.73
29 $1,693.46 $17,549.17 $18,631.56
30 $611.06 $18,631.56 $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 Lake George, MN


1500 sqft3900 sqft
Ø selling price$373,891$795,367
Ø fast selling$339,900$715,830
Ø high price sale$407,881$874,903

In 2026, houses in Lake George, MN will be offered at an average price of $206 per square foot. A 1,500 sqft home priced at $373,891 is 22.10% more expensive per square foot than a 3,900 sqft home priced at $795,367. Home prices in Lake George, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $550,638. Sellers who can wait longer may achieve a higher price of up to $673,002.


Lake George, Minnesota: Northwoods Getaway

Lake George, Minnesota is a quiet Northwoods community in Hubbard County known for crystal-clear waters and classic cabin getaways.

Location & Natural Beauty

Nestled along U.S. Highway 71 near Itasca State Park, Lake George, MN offers easy access to towering pines, wildlife, and scenic byways. The lake itself features sandy shallows, serene bays, and postcard sunrise views that attract nature lovers and photographers.

Outdoor Recreation

Anglers come for walleye, northern pike, crappie, and bass, while paddlers and boaters enjoy calm coves perfect for sunrise cruises. Nearby trail systems in Paul Bunyan State Forest and Itasca State Park invite hiking, biking, birding, and winter snowshoeing or cross-country skiing.

Lodging, Dining & Small-Town Charm

You?ll find family-run resorts, rustic cabins, and lakeside vacation rentals, plus a friendly cafe and seasonal events that showcase local flavor. The small-town atmosphere blends with well-kept public access points, making Lake George a convenient base for North Central Minnesota adventures.

Seasonal Highlights & Travel Tips

Summer brings swimming, sandbar picnics, and fishing tournaments, while fall paints the shoreline in fiery color for leaf-peeping road trips.
In winter, snowmobiling networks and nearby ice-fishing spots keep the action going long after the leaves drop. Plan your visit with weather-aware layers, a valid Minnesota fishing license, and advance lodging reservations during peak season weekends.



FAQ – Home Values in Lake George

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

In 2026, the typical home value in Lake George is about $267,459 for an average home size of 1301 square feet. This corresponds to an average price of roughly $206 per square foot.

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

In 2026, homes in Lake George sell for an average of around $206 per square foot, with a typical range between $148 and $148 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 Lake George is about 1301 square feet, with an estimated 2026 value around $267,459.



Locations close to Lake George, MN

Laporte, MN93 $ / ft²
Menahga, MN115 $ / ft²
Merrifield, MN132 $ / ft²
Jenkins, MN125 $ / ft²
Ironton, MN126 $ / ft²
Hewitt, MN102 $ / ft²
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