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ZipNumbers

Minnesota · Census place 21770

Forest Lake city, MN

Quick answer

Forest Lake city has 20,678 residents, ranking #58 of 914 places in Minnesota. Median household income is $89,879, the median home is worth $375,900 and median gross rent runs $1,379 a month.

Population
20,678Forest Lake city residents
Median household income
$89,879Past 12 months, inflation adjusted
Median home value
$375,900Owner-occupied units
Median gross rent
$1,379Rent plus utilities, monthly
Median age
38.8 yrsAll residents
Homeownership rate
71.8%Owner-occupied households

What the numbers mean in Forest Lake city

Housing cost measured against local earnings.

A household earning the Forest Lake city median would spend about 18.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 71.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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