Finland, Minnesota.
Typical home $230,709 (+4.9% in a year). Duluth, MN-WI metro.
to buy the typical home at today's mortgage rate — +$664 (+122%) since Jan 2020.
- 1 year
- Up $10,824 +5%
- $219,885$230,709 since Sep 2025
- 5 years
- Up $43,440 +23%
- $187,268$230,709 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.
- Finland$1,211
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Finland, MN rose 4.9% over the past year — faster than the nation's +1.2%.
Living in Finland, Lake County, Minnesota
Finland, in Lake County, had 215 people in the 2020 census. Unemployment in Lake County was 4.3% in August 2026, and the county had 2.5% more jobs in 2025 than the year before. The most people in Lake County work in schools and health care, then restaurants and hotels.
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 It can be wrong or out of date.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. Finland is a very small community in Lake County, Minnesota, and its residents are older than in most American towns. Winters are long and cold, with January the coldest month and a great deal of snow through the season, while summers are mild and July is the warmest month. Homes here are valued below what is typical in many parts of the country, and a four-year degree is less common among adults than in the country as a whole.
Work. Many residents work in schools, hospitals and social care, followed by restaurants, hotels and entertainment, shops, and the building trades. Across Lake County, the largest workplaces include Two Harbors High School, the Lake Superior Public School District and Lake View Memorial Hospital. Unemployment across the county is a little higher than it was a year ago, though the county has added jobs over the past year, and a typical trip to work takes a fair stretch of the morning.
Things to do. Finland State Forest, Tettegouche State Park and George H. Crosby Manitou State Park are all a short drive away, and together they offer woods, trails and quiet time outdoors. The Baptism River is also close by, and Split Rock Lighthouse State Park is a longer drive up the shore for a day out. With snow lasting through much of the winter, the same parks and rivers look quite different from one season to the next.
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- 14%of adults have a degree
- 29 mintypical commute
What people in Lake County work in
Employed residents by industry, from the Census survey. Lake County had 4,000 jobs in 2025, 2.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 19° and lows near 1°; warmest in July, with highs near 76° and lows near 54°. About 94 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Wolf Ridge Elc weather station, 2 miles away (NOAA).
Largest workplaces in Lake County
- Two Harbors High SchoolK-12 education203
- Lake Superior Public School DistSchool district180FTE
- Lake CountyGeneral public administration152
- Louisiana-Pacific Two HarborsOriented strandboard manufacturing140
- MN Veterans Home Silver BaySkilled nursing facilities125
- Lake View Memorial HospitalCritical access hospital110FTE
- City of Two HarborsCity and town managers' offices100
- GrybLand preparation machinery, construction, manufacturing84
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 21 workplaces with 20 or more staff, 1,597 people in all across the county; Finland has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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
- Strong windVery high
- Winter weatherVery high
- Cold wavesVery high
- LightningVery high
- Inland floodingRelatively high
- WildfireRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Finland’s census tracts, against the rest of the country; all of them together, relatively high. 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 Lake County and the Duluth, MN-WI metro.
Finland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Finland$230,709
- Minnesota$348,778
- United States$366,157
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.
- Finland15
Zip codes with a Finland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Finland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.