Home prices
The value of the median home in Long Lake is $289,100. This is approximately $272,000 (48%) lower compared to nearby areas.It is approximately $71,600 (32%) higher in comparison to the United States as a whole, and it is approximately $37,500 (14%) higher compared to the city of Minneapolis.
Rents
The median rent in Long Lake is $961 a month. This is about $490 (33%) lower in comparison to its nearby areas.Compared to the entire country it is about $101 (9%) lower, and is about $66 (6%) lower in comparison to the city of Minneapolis.
Nearby places
Orono
Orono is Long Lake's neighbor to the southwest. Its real estate prices are substantially more expensive. Orono's median home value is $680,100, which is $391,000 (57%) higher than Long Lake. Rents there are significantly more expensive. In Orono the median rent is $1,460 per month, which comes out to $499 (34%) higher than Long Lake.
Wayzata
Wayzata is roughly 2 miles southeast of Long Lake. The housing prices there are substantially more expensive. The median home cost in Wayzata is $523,600, which comes out to $234,500 (44%) higher than Long Lake. Rents there are a little more expensive. The median rent in Wayzata is $1,163 per month, which is $202 (17%) higher than Long Lake.
Medina
Medina is about 3 miles north from Long Lake. Real estate prices there are a lot more expensive. The median home in Medina costs $606,100, which is $317,000 (52%) higher than Long Lake. The rent there is a little more expensive. Medina's median monthly rent is $1,338, which works out to $377 (28%) higher than Long Lake.
Deephaven
Deephaven is roughly 3 miles southeast from Long Lake. Its housing prices are significantly more expensive. The price of the median home in Deephaven is $570,700, which comes out to $281,600 (49%) higher than Long Lake. The rent there is significantly more expensive. The median rent in Deephaven is $2,219 a month, which is $1,258 (56%) higher than Long Lake.
Spring Park
Spring Park is approximately 3 miles southwest from Long Lake. Housing prices there are a little more expensive. The median home in Spring Park is valued at $425,000, which works out to $135,900 (31%) higher than Long Lake. Rents there are a bit more expensive. In Spring Park the median monthly rent is $1,075, which works out to $114 (10%) higher than Long Lake.
