Madison Lake MN Multi Family for Sale

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Madison Lake Real Estate

The median home value in Madison Lake, MN is $588,450. This is higher than the county median home value of $267,500. The national median home value is $338,100. The average price of homes sold in Madison Lake, MN is $588,450. Approximately 50.53% of Madison Lake homes are owned, compared to 17.4% rented, while 32.07% are vacant. Madison Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madison Lake real estate agent to arrange a tour today!

Madison Lake, Minnesota has a population of 1,092. Madison Lake is more family-centric than the surrounding county with 33.77% of the households containing married families with children. The county average for households married with children is 30.05%.

The median household income in Madison Lake, Minnesota is $96,563. The median household income for the surrounding county is $65,000 compared to the national median of $69,021. The median age of people living in Madison Lake is 39.9 years.

Madison Lake Weather

The average high temperature in July is 83 degrees, with an average low temperature in January of 4.5 degrees. The average rainfall is approximately 32.4 inches per year, with 44.5 inches of snow per year.

Madison Lake Real Estate Market Conditions

  • Median sales price

    $588,450
    11.6% change since last quarter
  • # Active listings

    42
    30-day change

Madison Lake Schools and Demographics

Education near Madison Lake, MN

Metric City County
High School Graduates 97.77 94.8
College Degree - 2 year 16.1 13.68
College Degree - 4 year 43.72 35.55
Graduate Degree 14.4 8.38
Expenditures per Student 14,198 14,198
Students per Teacher 15.5 15.5

Elementary Schools near Madison Lake, MN

School Grades Students P/T Ratio ZIP
Cleveland Elementary School PK - 06 236 12.3 56017
Eagle Lake Elementary School KG - 05 360 15.5 56024
Janesville-Waldorf-Pemberton Elementary School PK - 06 336 16.1 56048
St. Clair Elementary PK - 06 384 16 56080

High Schools near Madison Lake, MN

School Grades Students P/T Ratio ZIP
Cleveland Secondary School 07 - 12 201 15.7 56017
Janesville-Waldorf-Pemberton Secondary School 07 - 12 289 14.7 56048
St. Clair Secondary 07 - 12 289 17.5 56080

Demographics near Madison Lake, MN

Metric City County
Neighborhood Type Small town
Population 1,092 68,575
Population Density 1,033 92
Median Age 39.9 31.4
People per Household 2.4 2.4
Median Household Income 96,563 65,000
Average Income per Capita 47,031 32,121