Ham Lake, Minnesota.
Typical home $508,317 (+1.9% in a year). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,370 (+106%) since Jan 2020.
- 1 year
- Up $9,305 +2%
- $499,012$508,317 since Sep 2025
- 5 years
- Up $75,747 +18%
- $432,569$508,317 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.
- Ham Lake$2,668
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Ham Lake, MN rose 1.9% over the past year — faster than the nation's +1.2%.
Living in Ham Lake, Anoka County, Minnesota
Ham Lake is a city of 16,464 people in Anoka County. Half its households earn more than $120,135 a year and half less, against $101,869 across Anoka County; 4% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Anoka County was 5.0% in August 2026, and the county had about as many jobs in 2025 as 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 It can be wrong or out of date.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. Ham Lake is a city in Anoka County where nearly everyone owns the home they live in, and the residents are somewhat older than in many towns. Household incomes run well above the county's, and fewer people live in poverty than in much of the country. Winters are cold and snowy, with January the coldest month, while July brings warm days.
Work. Many residents work in schools, hospitals and social care, with manufacturing, the building trades and professional and business services also employing large numbers. Among the biggest workplaces in Ham Lake are Cool Air Mechanical, a plumbing and heating contractor, Davinci Academy, a school district, and QC Companies, which does commercial cleaning and concrete coatings. A fair number of people work from home, and the commute for the rest is moderate.
Things to do. Most of what draws people out is a longer drive away. Target Field is a stadium for baseball, and the Minneapolis Institute of Art is a museum with a wide collection. Saint Anthony Falls is a waterfall on the Mississippi River that is also a longer drive away.
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- 5,945households
- 37%of adults have a degree
- 4%below the poverty line
- 29 mintypical commute
- 17%work from home
What residents work in
Employed residents by industry, from the Census survey. Anoka County had 133,128 jobs in 2025, about as many as the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 2°; warmest in July, with highs near 82° and lows near 60°. About 44 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Andover 1N weather station, 5 miles away (NOAA).
Largest workplaces in Ham Lake
- Cool Air MechanicalPlumbing and heating contractors134
- Davinci AcademySchool district126FTE
- QC CompaniesCommercial cleaning and concrete coatings110
- McKinley ElementaryAcademies, elementary or secondary92
- Mickman BrothersLandscaping services91
- North Oak EnterprisesCarpentry, framing63
- CECO Concrete Construction : Minneapolis59
- Crossroad ConstructionBuilding, residential, addition, alteration and renovation50
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 18 workplaces with 20 or more staff, 978 people in all. School districts come 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
- Strong windRelatively high
- HailRelatively moderate
- LightningRelatively moderate
- Winter weatherRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Ham Lake’s census tracts, against the rest of the country; all of them together, very low. 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 Anoka County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Ham Lake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Ham Lake$508,317
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 4 Ham Lake listings — the market is roughly in balance.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Ham Lake27.45%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Ham Lake69
New listings per month
Sellers arriving at the market.
- Ham Lake19
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Ham Lake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Ham Lake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.