Ham Lake, MN


Highest Appreciating Ham Lake Neighborhoods Since 2000

Ham Lake, MN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ham Lake Housing Market Information

With a population of 16,062, 5,346 total housing units (homes and apartments), and a median house value of $329,631, 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.

Single-family detached homes are the single most common housing type in Ham Lake, accounting for 86.24% of the city's housing units. Other types of housing that are prevalent in Ham Lake include mobile homes or trailers ( 5.20%), row houses and other attached homes ( 4.67%), and a few large apartment complexes or high rise apartments ( 2.09%).

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 93.24% of Ham Lake's homes, and 75.03% 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 ( 25.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.94%). There's also some housing in Ham Lake built before 1939 ( 2.25%).

Ham Lake Home Appreciation Rates

Ham Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ham Lake during the period has been just -1.37%, which is lower than 80% of US communities.

Appreciation rates are so strong in Ham Lake that despite a nationwide downturn in the housing market, Ham Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ham Lake appreciation rates continue to be some of the highest in America, at 6.24%, which is higher than appreciation rates in 76.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ham Lake. Ham Lake appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Ham Lake's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.

Average Home Values


Median Home Value:


Value Range
> $1,196,000 0.3
$897,001 - $1,196,000 0.7
$598,001 - $897,000 7.0
$478,001 - $598,000 8.3
$359,001 - $478,000 22.4
$239,001 - $359,000 28.9
$120,001 - $239,000 25.7
$60,001 - $120,000 1.5
$0 - $60,000 5.2

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
13.7583499355444 7.59753593429158

Number Of Homes And Apartments:

Ham Lake Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.79% 1.48% 3 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,186 / per month

Homeownership Rate

Owners 93.24
Renters 6.76
Vacant 2.85

Housing Market Details


Age of Homes

2000 or Newer 25.7
1970 - 1999 61.1
1940 - 1969 10.9
1939 or Older 2.3

Types of Homes

Single-Family 86.2
Townhomes 4.7
Small Apt. Buildings 1.8
Apt. Complexes 2.1
Mobile Homes 5.2
Other 0.0

Home Size

No Bedroom 1.16
1 Bedroom 3.47
2 Bedrooms 9.49
3 Bedrooms 38.54
4 Bedrooms 36.49
5 or more bedrooms 10.85