Minnesota · Census place 40814
Martin Lake CDP, MN
Quick answer
Martin Lake CDP has 1,203 residents, ranking #333 of 914 places in Minnesota. Median household income is $120,705, the median home is worth $426,100 and median gross rent runs $1,589 a month.
- Population
- 1,203Martin Lake CDP residents
- Median household income
- $120,705Past 12 months, inflation adjusted
- Median home value
- $426,100Owner-occupied units
- Median gross rent
- $1,589Rent plus utilities, monthly
- Median age
- 42.4 yrsAll residents
- Homeownership rate
- 68.2%Owner-occupied households
What the numbers mean in Martin Lake CDP
Housing cost measured against local earnings.
A household earning the Martin Lake CDP median would spend about 15.8% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.9% of residents and 68.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Atwater city 1,217
- Taylors Falls city 1,208
- Edgerton city 1,207
- Medford city 1,194
- Wanamingo city 1,185
- Madison Lake city 1,178
- Redby CDP 1,175
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