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ZipNumbers

Minnesota · Census place 39320

Madison Lake city, MN

Quick answer

Madison Lake city has 1,178 residents, ranking #336 of 914 places in Minnesota. Median household income is $84,833, the median home is worth $281,300 and median gross rent runs $829 a month.

Population
1,178Madison Lake city residents
Median household income
$84,833Past 12 months, inflation adjusted
Median home value
$281,300Owner-occupied units
Median gross rent
$829Rent plus utilities, monthly
Median age
39.2 yrsAll residents
Homeownership rate
68.9%Owner-occupied households

What the numbers mean in Madison Lake city

Housing cost measured against local earnings.

A household earning the Madison Lake city median would spend about 11.7% 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 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 68.9% 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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