Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 3,800 ↑ 1.0% since 2020 |
| Median Household Income | $70,091 6% below national median |
| Median Home Value | $215,000 |
| Unemployment Rate | 1.8% |
| Median Age | 50.8 years |
| Housing Vacancy Rate | 51.8% |
| Total Land Sales (Past 12 Months) | 27 transactions |
| Active Listings | 50 properties |
| Avg Days on Market | 543 days |
Rural Land Sales (1+ Acres) (May 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $3,667 |
| Recent Sales | 26 transactions |
| Avg Days on Market | 164 days |
| Avg Parcel Size | 32.73 acres |
| Active Listings | 35 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Feb 2026 | 12.00 | $44,000 | $3,667 | TRACT 62nd Ave NW #D | Williams |
| Feb 2026 | 10.00 | $35,000 | $3,500 | 8th St NW | Baudette |
| Feb 2026 | 10.00 | $30,000 | $3,000 | 44th St NW | Roosevelt |
| Feb 2026 | 67.70 | $75,000 | $1,108 | 13th Ave SW | Baudette |
| Jan 2026 | 2.26 | $217,500 | $96,239 | 1824 State Highway 11 SE | Baudette |
| Dec 2025 | 50.00 | $63,000 | $1,260 | 29th Ave SW | Baudette |
| Dec 2025 | 219.00 | $175,000 | $799 | 63rd St SW | Baudette |
| Dec 2025 | 143.79 | $287,580 | $2,000 | 13th Ave SW | Baudette |
| Nov 2025 | 5.30 | $30,000 | $5,660 | To Be Determined 40th Ave | Baudette |
| Oct 2025 | 7.80 | $155,000 | $19,872 | 9 Driftwood Ln | Baudette |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Sep 2025 | 20.00 | $29,200 | $1,460 | 53rd Ave SW | Williams |
| Sep 2025 | 1.51 | $120,000 | $79,470 | 14 Brush Is | Angle Inlet |
| Sep 2025 | 20.00 | $55,104 | $2,755 | 66th Ave NW | Williams |
| Sep 2025 | 80.00 | $125,000 | $1,562 | 1960 67th St SW | Baudette |
| Sep 2025 | 6.43 | $52,500 | $8,165 | 1681 7th St SE | Baudette |
| Aug 2025 | 6.67 | $16,500 | $2,474 | 21st Ave SW | Baudette |
| Aug 2025 | 4.25 | $185,000 | $43,529 | 7755 Youngs Bay Dr NW | Angle Inlet |
| Aug 2025 | 12.70 | $130,000 | $10,236 | 3859 County Road 8 NW | Baudette |
| Aug 2025 | 5.20 | $27,500 | $5,288 | 40th Ave NW | Baudette |
| Jul 2025 | 3.86 | $40,000 | $10,363 | 6708 70th Ave NW | Williams |
| Jul 2025 | 1.41 | $30,000 | $21,277 | 22nd St NW | Baudette |
| Jul 2025 | 75.00 | $104,000 | $1,387 | 189 49th Ave SW | Williams |
| Jun 2025 | 27.77 | $152,500 | $5,492 | Elm Dr | Warroad |
| Jun 2025 | 1.91 | $148,000 | $77,487 | Hooper Creek Loop | Baudette |
| Jun 2025 | 20.00 | $25,000 | $1,250 | 21st Ave SW | Baudette |
| May 2025 | 36.40 | $49,900 | $1,371 | 7183 County Road 3 SW | Williams |
Suburban/Urban Land Sales (Under 1 Acre) (Feb 2026 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $15,000 |
| Recent Sales | 1 transactions |
| Avg Days on Market | 41 days |
| Avg Parcel Size | 0.60 acres |
| Active Listings | 15 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Feb 2026 | 0.60 | $15,000 | Jochim Dr | Baudette |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 3,800 |
| Population (2020) | 3,763 |
| Population Growth | 0.98% |
| Median Household Income | $70,091 |
| Median Home Value | $215,000 |
| Total Housing Units | 3,457 |
| Vacant Housing Units | 1,792 |
| Housing Vacancy Rate | 51.8% |
| Median Age | 50.8 |
| Bachelor's Degree or Higher | 431 (11.3%) |
| Unemployment Rate | 1.8% |
Market Overview
Lake of the Woods County, Minnesota has a population of 3,800, which has grown 0.98% since 2020. The median household income is $70,091, below the national median of $74,580 by 6.0%. The housing vacancy rate of 51.8% suggests soft market conditions. The county's location in Minnesota makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $3,667 per acre, with properties averaging 37.80 acres. There are currently 50 active land listings in the county.
Related Resources
- Sell Land in Lake of the Woods County, MN
- How to Sell Land in Minnesota
- FSBO Guide
- Land Valuation Guide
Nearby County Reports
Frequently Asked Questions
What is the current population of Lake of the Woods County, Minnesota?
As of the 2023 American Community Survey, Lake of the Woods County has a population of 3,800. The county has grown 0.98% since the 2020 Census, indicating a growing community.
What is the median household income in Lake of the Woods County?
The median household income in Lake of the Woods County is $70,091, which is 6.0% below the national median of $74,580.
Is Lake of the Woods County growing or shrinking?
Lake of the Woods County is growing. The population has increased 0.98% since 2020.
What is the housing market like in Lake of the Woods County?
The median home value in Lake of the Woods County is $215,000. The housing vacancy rate is 51.8%, which suggests soft market conditions. The unemployment rate is 1.8%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $3,667 per acre. Suburban/urban lots under 1 acre have a median lot price of $25,000.
Does Reelvest buy land in Lake of the Woods County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Lake of the Woods County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.