House Prices

House Prices & Home Values Crane Lake, MN 2026


Average Data

average house price$575,634
average size per house1456 ft²
average price per ft²396 $ / ft²

04/18/2026 - The value range (VR) for house prices in Crane Lake, MN is $395/ sqft to $395/ sqft. An average home with 1456 sqft costs approximately $575,120 to $575,120. Crane Lake, MN includes 1 ZIP codes and it is located in St. Louis county. The lowest prices are found in ZIP 55725, while the highest are in ZIP 55725. The average price per sqare feet is $396. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Crane Lake

55725373 $ / ft²




Historical development of home values in Crane Lake

Year Estimated value (USD) Change vs. 2025
2010 $267,335 -53.6%
2011 $256,997 -55.4%
2012 $256,305 -55.5%
2013 $265,885 -53.8%
2014 $279,106 -51.5%
2015 $293,431 -49.0%
2016 $308,744 -46.4%
2017 $325,408 -43.5%
2018 $343,398 -40.3%
2019 $359,321 -37.6%
2020 $377,897 -34.4%
2021 $429,816 -25.3%
2022 $501,070 -13.0%
2023 $528,401 -8.2%
2024 $558,970 -2.9%
2025 $575,634 0.0%

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



Example: 100% financing house in Crane Lake

Loan amount: $575,634

Interest rate: 6.00%

Fixed monthly payment: $3,451.22

Breakdown in the 1st month:
Interest portion: $2,878.17  –  Principal portion: $573.05

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $34,345.75 $7,068.85 $568,565.15
2 $33,909.76 $7,504.84 $561,060.30
3 $33,446.87 $7,967.73 $553,092.58
4 $32,955.44 $8,459.16 $544,633.42
5 $32,433.70 $8,980.90 $535,652.52
6 $31,879.78 $9,534.82 $526,117.69
7 $31,291.69 $10,122.91 $515,994.78
8 $30,667.33 $10,747.27 $505,247.51
9 $30,004.46 $11,410.14 $493,837.38
10 $29,300.71 $12,113.89 $481,723.49
11 $28,553.55 $12,861.05 $468,862.44
12 $27,760.31 $13,654.29 $455,208.15
13 $26,918.14 $14,496.46 $440,711.69
14 $26,024.03 $15,390.57 $425,321.13
15 $25,074.78 $16,339.82 $408,981.31
16 $24,066.97 $17,347.63 $391,633.68
17 $22,997.01 $18,417.59 $373,216.09
18 $21,861.05 $19,553.55 $353,662.54
19 $20,655.03 $20,759.57 $332,902.98
20 $19,374.63 $22,039.97 $310,863.00
21 $18,015.25 $23,399.35 $287,463.66
22 $16,572.03 $24,842.57 $262,621.09
23 $15,039.80 $26,374.80 $236,246.28
24 $13,413.06 $28,001.54 $208,244.74
25 $11,685.98 $29,728.62 $178,516.12
26 $9,852.39 $31,562.21 $146,953.90
27 $7,905.70 $33,508.90 $113,445.00
28 $5,838.94 $35,575.66 $77,869.34
29 $3,644.71 $37,769.89 $40,099.45
30 $1,315.15 $40,099.45 $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 Crane Lake, MN


1500 sqft3900 sqft
Ø selling price$718,740$1,528,957
Ø fast selling$653,400$1,376,061
Ø high price sale$784,081$1,681,852

In 2026, houses in Crane Lake, MN will be offered at an average price of $396 per square foot. A 1,500 sqft home priced at $718,740 is 21.69% more expensive per square foot than a 3,900 sqft home priced at $1,528,957. Home prices in Crane Lake, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $1,058,508. Sellers who can wait longer may achieve a higher price of up to $1,293,732.


Discover Crane Lake, MN

Gateway to Wilderness

Crane Lake, MN is a scenic gateway to Voyageurs National Park and the Boundary Waters Canoe Area Wilderness.

Nestled at the edge of the Superior National Forest near the Canadian border, it anchors a vast, water-based wilderness.

This small North Woods community offers marinas, outfitters, and lakefront lodging that make trip planning easy.


Outdoor Adventures

Anglers target walleye, smallmouth bass, and northern pike on interconnected lakes, bays, and the Vermilion River.

Paddlers and boaters explore island-dotted channels, houseboat routes, and classic portages that link to remote campsites.

In winter, groomed snowmobile trails, cross-country skiing, and reliable ice fishing turn Crane Lake into a four-season playground.


Plan Your Trip

Clear northern skies bring frequent northern lights, unforgettable sunsets, and world-class stargazing.

Family-friendly resorts and cozy cabin rentals provide docks, boat launches, and easy access to nearby hiking trailheads.

Local guides, bait shops, and waterside dining round out a welcoming, service-rich base for wilderness adventures.

Reached via U.S. Highway 53 to Orr and County Road 24, Crane Lake, Minnesota pairs wild solitude with modern comforts for an authentic northern Minnesota escape.



FAQ – Home Values in Crane Lake

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

In 2026, the typical home value in Crane Lake is about $575,634 for an average home size of 1456 square feet. This corresponds to an average price of roughly $396 per square foot.

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

In 2026, homes in Crane Lake sell for an average of around $396 per square foot, with a typical range between $395 and $395 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 Crane Lake is about 1456 square feet, with an estimated 2026 value around $575,634.



Locations close to Crane Lake, MN

Cromwell, MN140 $ / ft²
Ely, MN254 $ / ft²
Embarrass, MN82 $ / ft²
Cotton, MN94 $ / ft²
Cook, MN297 $ / ft²
Coleraine, MN82 $ / ft²
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