Fall Lake MN Homes for Sale

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Fall Lake Real Estate

The median home value in Fall Lake, MN is $404,200. This is higher than the county median home value of $184,400. The national median home value is $219,700. The average price of homes sold in Fall Lake, MN is $404,200. Approximately 35.58% of Fall Lake homes are owned, compared to 2.4% rented, while 62.03% are vacant. Fall Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Fall Lake real estate agent to arrange a tour today!

Fall Lake, Minnesota has a population of 682. Fall Lake is less family-centric than the surrounding county with 12.6% of the households containing married families with children. The county average for households married with children is 27.09%.

The median household income in Fall Lake, Minnesota is $64,135. The median household income for the surrounding county is $56,078 compared to the national median of $57,652. The median age of people living in Fall Lake is 64.8 years.

Fall Lake Weather

The average high temperature in July is 76 degrees, with an average low temperature in January of 2.1 degrees. The average rainfall is approximately 30.8 inches per year, with 78.5 inches of snow per year.

Fall Lake Real Estate Market Conditions

  • Median sales price

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  • # Active listings

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    30-day change

Fall Lake Schools and Demographics

Education near Fall Lake, MN

Metric City County
High School Graduates 97.29 95.79
College Degree - 2 year 10.49 13.02
College Degree - 4 year 48.05 28.98
Graduate Degree 15.06 6.42
Expenditures per Student 12,426 12,426
Students per Teacher 15.2 14.8

Elementary Schools near Fall Lake, MN

School Grades Students P/T Ratio ZIP
Babbitt Elementary School PK - 06 128 13.2 55706
Tower-Soudan Elementary School PK - 06 84 9.2 55790
Washington Elementary School PK - 05 268 13.8 55731

Middle Schools near Fall Lake, MN

School Grades Students P/T Ratio ZIP
Memorial Middle School 06 - 08 125 19.8 55731

High Schools near Fall Lake, MN

School Grades Students P/T Ratio ZIP
Memorial High School 07 - 12 161 14.2 55731
Northeast Range Secondary 07 - 12 152 14.7 55706
Vermilion Country School 07 - 12 58 9.7 55790

Demographics near Fall Lake, MN

Metric City County
Neighborhood Type
Population 682 10,578
Population Density 2 5
Median Age 64.8 50.3
People per Household 2 2
Median Household Income 64,135 56,078
Average Income per Capita 37,049 32,319