menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ham Lake, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ham Lake, MN Housing Market Trends

With 16,613 people, 5,883 houses or apartments, and a median cost of homes of $531,270, Ham Lake house prices are not only among the most expensive in Minnesota, Ham Lake real estate also is some of the most expensive in all of America.

Ham Lake is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Ham Lake than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ham Lake. Owner-occupied housing accounts for 95.04% of Ham Lake's homes, and 75.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ham Lake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ham Lake built between 2000 and later ( 34.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.76%). There's also some housing in Ham Lake built before 1939 ( 2.18%).

Ham Lake Home Appreciation Rates

Real estate appreciation rates in Ham Lake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.

Over the last year, Ham Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Ham Lake's appreciation rate has been 1.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ham Lake were at -2.13%, which equates to an annual appreciation rate of -8.26%.

Notably, Ham Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Minnesota, our data show that Ham Lake's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$531,270

Ham Lake, MN Home Prices
> $1,216,000
$912,001 - $1,216,000
$608,001 - $912,000
$486,001 - $608,000
$365,001 - $486,000
$243,001 - $365,000
$121,001 - $243,000
$61,001 - $121,000
$0 - $61,000
1.0%
1.0%
5.0%
5.0%
20.7%
20.7%
26.9%
26.9%
18.4%
18.4%
19.3%
19.3%
2.3%
2.3%
1.3%
1.3%
5.2%
5.2%
0% 100.0%
% of Homes
Very High

for Minnesota

Very High

for nation

Number of Homes And Apartments:

5,883

Ham Lake Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,200 / per month

Homeownership Rate

Owners
Renters
95.0%
95.0%
5.0%
5.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.5%
1.5%
98.5%
98.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.2%
34.2%
56.9%
56.9%
6.8%
6.8%
2.2%
2.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
83.5%
83.5%
7.9%
7.9%
0.0%
0.0%
2.4%
2.4%
6.0%
6.0%
0.3%
0.3%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.6%
2.6%
11.1%
11.1%
32.9%
32.9%
42.5%
42.5%
10.9%
10.9%
0% 100.0%
% of Homes