Situated in the northwestern section of Washington County and located about 25 miles outside of St. Paul, Forest Lake is a freestanding growth center that supports its surrounding communities with retail and commercial business. Recent rises in residential real estate development has also led to noticeable population gains, signifying Forest Lake’s improving popularity. Attractive town centers, public gathering areas, parks and schools are springing up regularly. However, despite these economic enhancements the true jewels of Forest Lake are the area’s lakes themselves. The waterways in this city have been an important asset in the past and will continue to be long into the future as Forest Lake has emerged as a popular tourist resort in summer months. Warm weather and crystal clear water on the shimmering lakes is luring more and more people each year to this wonderful city. Recreational water activities abound, as do land-based adventures such as hiking, biking and hunting. Additionally, Forest Lake is filled with a unique blend of trendy eateries and classic boutiques, making shopping and dining in the area an experience all in itself. A little more than 7,500 people call Forest Lake home with another 13,000 people living in nearby communities. Together, these locals form a tight-knitted family that enjoys honoring the region’s many traditions and celebrating its many accomplishments through joyous activities. Special events such as the annual Hay Day Races, Columbus and Harvest Fests and recurring festivals such as Arts in the Park, performances at Masquers Community Theatre and summer and winter fishing competitions provide locals with many outlets to interact socially while promoting community pride. All in all, Forest Lake is an exciting place to live and provides residents with affordable homes and a number of real estate options. So, come see for yourself why so many today are choosing to call this city home.
Price Range of Forest Lake Houses, Homes and Real Estate in Minnesota
The Forest Lake real estate market offers a great selection of fine homes, modern townhouses and private estates for sale. High rise condominiums and split-level townhouses range in price from $150,000 to $400,000 and can be found in the township’s more populated areas. Two, three and four bedroom homes with basements and attached garages range in price from $250,000 to $700,000 and up depending on location, size and amenities. Upscale neighborhoods with lake views and city views range in price from $800,000 to $2 million and more for larger estate properties. A select few historic properties are also available as is plots of land for custom building and real estate development.
Forest Lake Real Estate Stats and Trends for the week of May 30th, 2016: homes priced around $356,567 compared to $443,933 the previous week, showing a decrease of less than -25%. For Monday, May 30th, the current national mortgage rate for a 30 year fixed mortgage is 3.66%; the 15 year fixed rate is at 2.77%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 3.88%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Forest Lake MN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Forest Lake to help you find the best home!