Lake of the Woods median home price
The average home price in Lake of the Woods is $220,918, ranking #1,709 of 3,071 U.S. counties. Updated monthly and free to explore.
Median home price
$220,918
Ranks #1,709 of 3,071 U.S. counties, in the top 56%.
- vs. national median$235,072Lake of the Woods is lower than the U.S. median
- vs. Minnesota median$276,116Lake of the Woods is lower than the Minnesota median
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What median home price means
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.
Lake of the Woods average home price: common questions
What is the average home price in Lake of the Woods?
The average home price in Lake of the Woods is $220,918, which ranks #1,709 of 3,071 U.S. counties. Curb Report updates this monthly and it is free to view.
Is the average home price in Lake of the Woods above or below the national average?
Lake of the Woods is lower than the U.S. median of $235,072, putting it in the top 56% of U.S. counties.
How does Lake of the Woods compare with the rest of Minnesota?
Lake of the Woods is lower than the Minnesota median of $276,116.
Is the average home price the same as the median home price?
People usually search for the "average home price" in a place, but the number published here is the typical home value from Zillow's ZHVI, which is a median-style measure rather than an arithmetic mean. That is deliberate: a true average is dragged upward by a handful of luxury sales, so it overstates what a normal home costs. For everyday purposes the two answer the same question, and the figure below is the better answer to it.
What does median home price mean?
The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.