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Heron Lake, MNPhoto: Jared Winkler · CC BY-SA 4.0
Housing in Heron Lake

8 homes sold in Heron Lake in the last year, at a typical $173K

Almost every sale is a house. Below: a shortcut to every site where Heron Lake homes are listed.

Homes sold
8
October 2025 to September 2026
Typical sale price
$173K
median, weighted by sales
Price per square foot
$94
Minnesota $189
Paid vs. asking
96.4%
13% sold over asking
For sale now
1
September 2026 · 0 sold that month
Rent or buy?

Owning the typical Heron Lake home costs about $1,097 a month

Mortgage
Property tax
Insurance
Rent

Price: Heron Lake’s typical sale, last 12 months. Property tax at Heron Lake’s 1.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Heron Lake is affordable on local pay is on Cost of living.

Before you buy in Heron Lake

Four things worth knowing

1.4%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $173K home, about $2,330 a year.

Taxes vs. neighbors
18 min

Typical commute

The average one-way trip to work for people who live in Heron Lake.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Heron Lake, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Heron Lake. People who follow the town see it, and so do people comparing Heron Lake with their own town. No commission, no listing fee.

Questions about buying a home in Heron Lake

What do homes sell for in Heron Lake, MN?

8 homes sold in the year to September 2026 at a typical $173K, $94 a square foot.

Is Heron Lake a buyer’s or seller’s market?

A seller’s market: 1 homes were for sale in September 2026 and 0 sold, about 1 months of supply. Buyers paid 96.4% of asking on average.

How much are property taxes in Heron Lake?

About 1.4% of a home’s value a year. On a $173K home that’s near $2,330.

Where can I see homes for sale in Heron Lake?

Zillow, Redfin, Realtor.com and Homes.com all carry Heron Lake’s MLS listings; the search links above open each one filtered to Heron Lake.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).