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Advertise here →Two Harbors, MN · Market Data
Two Harbors, Minnesota real estate market data.
Real estate market data for Two Harbors, MN (Lake County) — Census median home value $187,100, county listing prices up about 4.5% over the past year.
Two Harbors, MN is in Lake County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 3,598, with a median household income of $62,885. Census data puts Two Harbors's median home value at $187,100.
At a glance
Two Harbors market snapshot
Population
3,598
Median Household Income
$62,885
Median Home Value (city)
$187,100
Median Gross Rent
$879/mo
Price Trend (YoY)
+4.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Two Harbors different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Two Harbors's median home value — across all owner-occupied homes, not just recent sales — at $187,100.
County Price Trend
Lake County's FHFA house price index shows a 4.54% annual change in 2025.
Population & Income
Two Harbors has an estimated population of 3,598 and a median household income of $62,885, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Two Harbors's Census-reported median home value works out to about 3.0x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Two Harbors FAQ
What are home values like in Two Harbors, MN?
The Census Bureau's American Community Survey puts Two Harbors's median home value at $187,100.
What is the population of Two Harbors, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Two Harbors's population at approximately 3,598.
What's the median rent in Two Harbors, MN?
The Census ACS estimates median gross rent in Two Harbors at approximately $879 per month.
What is the median household income in Two Harbors, MN?
Census ACS data puts the median household income in Two Harbors at approximately $62,885.
Is the Two Harbors housing market growing?
Lake County's FHFA house price index shows a 4.54% annual change in 2025.
Is Two Harbors, MN affordable relative to income?
Census ACS data puts Two Harbors's median home value at about 3.0 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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