Eagle Lake, Minnesota.
Typical home $342,086 (+2.6% in a year), asking rent $1,495 . Mankato, MN metro.
to buy the typical home at today's mortgage rate — +$926 (+107%) since Jan 2020.
- 1 year
- Up $8,809 +3%
- $333,277$342,086 since Sep 2025
- 5 years
- Up $65,143 +24%
- $276,943$342,086 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Eagle Lake$1,796
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Eagle Lake, MN rose 2.6% over the past year — faster than the nation's +1.2%.
Living in Eagle Lake, Blue Earth County, Minnesota
Eagle Lake is a city of 3,278 people in Blue Earth County. Half its households earn more than $96,964 a year and half less, against $74,477 across Blue Earth County; 6% of its people live below the poverty line. 64% of its homes are lived in by their owners and 36% are rented. Unemployment in Blue Earth County was 4.1% in August 2026, and the county had 0.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Eagle Lake is a small city with a younger population than most places of its size, and a good share of its adults hold a four-year degree. Incomes here run well above the county's, and fewer residents live below the poverty line than you might expect. Most homes are lived in by their owners, though a fair number of households rent. Winters are cold and snowy, with January the coldest month, while July brings warm summer days and a moderate amount of rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, with others in manufacturing, transport and warehousing, and in shops. Across Blue Earth County, some of the largest workplaces are Mchs - Southwest Minnesota Region, a general hospital, Minnesota State University-Mankato, and the Mankato Public School District. The typical commute is short, and a modest share of people work from home.
Things to do. Eagle Lake, the lake the town is named for, lies in or beside town, and Wita Lake, a lake, and the Le Sueur River are a short drive away. Mount Kato, a ski area, is also a short drive away, which suits the snowy winters. For a longer outing, Minneopa State Park, a protected area, is a longer drive away.
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- 1,198households
- 38%of adults have a degree
- 6%below the poverty line
- 18 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Blue Earth County had 41,483 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 6°; warmest in July, with highs near 82° and lows near 62°. About 39 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mankato weather station, 7 miles away (NOAA).
Largest workplaces in Blue Earth County
- Mchs - Southwest Minnesota RegionGeneral hospital1,692FTE
- Minnesota State University-MankatoUniversity or college1,619
- MRCI Energy DriveVocational rehabilitation or habilitation services1,269
- Mankato Public School DistrictSchool district942FTE
- WalmartRefrigerated warehousing and storage552
- Rolls Royce Solutions America Inc. Power Drive MankatoMotor generator sets manufacturing474
- Hy-VeeSupermarkets and other grocery except convenience stores432
- WalmartWarehouse clubs and supercenters386
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 122 workplaces with 20 or more staff, 14,761 people in all across the county; Eagle Lake has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), colleges from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Strong windVery high
- Winter weatherVery high
- HailRelatively high
- DroughtRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Eagle Lake’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Blue Earth County and the Mankato, MN metro.
Eagle Lake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Eagle Lake$342,086
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Eagle Lake14
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Eagle Lake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Eagle Lake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.