Roosevelt, Minnesota.
Typical home $179,369 (+2.6% in a year).
to buy the typical home at today's mortgage rate — +$407 (+76%) since Jan 2020.
- 1 year
- Up $4,576 +3%
- $174,793$179,369 since Sep 2025
- 5 years
- Up $9,051 +5%
- $170,318$179,369 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.
- Roosevelt$941
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 67 years.
Typical home values in Roosevelt, MN rose 2.6% over the past year — faster than the nation's +1.2%.
Living in Roosevelt, Lake of the Woods County, Minnesota
Roosevelt is a city of 153 people in Lake of the Woods County. Half its households earn more than $68,036 a year and half less, against $77,546 across Lake of the Woods County; 4% of its people live below the poverty line. Unemployment in Lake of the Woods County was 6.0% in August 2026, and the county had 3.7% fewer jobs in 2025 than the year before. The most people in Lake of the Woods County work in manufacturing, then schools and health care.
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 It can be wrong or out of date.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. Roosevelt is a very small city in Lake of the Woods County, in the far northern part of Minnesota. Household incomes here run below the county's, and relatively few adults hold a four-year degree. Winters are long and cold, with January the coldest month and temperatures that often fall well below freezing, while July brings pleasantly warm days, and the year's moisture arrives as a mix of rain and melted snow.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in government, and in restaurants, hotels and entertainment. Across Lake of the Woods County, the largest workplaces include ANI Pharmaceuticals - Main Street Facility, the Warroad Care Center and the Lake of the Woods School District. Jobs across the county have shrunk a little over the past year, and unemployment there has risen compared with a year earlier, though commutes in town are short and almost no one works from home.
Things to do. The country around Roosevelt is mostly forest, water and open ground. Zippel Bay State Park is a protected area, and Hayes Lake State Park is another, both a longer drive away. Beltrami Island State Forest, also a longer drive away, is a protected area of woodland, and the Rainy River is the best-known of the rivers in the area.
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- 14%of adults have a degree
- 4%below the poverty line
- 17 mintypical commute
- 2%work from home
What people in Lake of the Woods County work in
Employed residents by industry, from the Census survey. Lake of the Woods County had 1,520 jobs in 2025, 3.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 13° and lows near -8°; warmest in July, with highs near 77° and lows near 55°. About 28 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Warroad weather station, 12 miles away (NOAA).
Largest workplaces in Lake of the Woods County
- ANI Pharmaceuticals - Main Street FacilityPharmaceutical preparations manufacturing235
- Warroad Care CenterNursing homes181
- CommonSpirit HealthGeneral medical and surgical hospitals131
- Lake of the Woods School DistrictSchool district64FTE
- Lakewood Health CenterCritical access hospital56FTE
- Hugo'sSupermarkets49
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 596 people in all across the county; Roosevelt 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
- Winter weatherVery high
- DroughtRelatively high
- WildfireRelatively high
- Inland floodingRelatively high
- Cold wavesRelatively high
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Roosevelt’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 of the Woods County.
Roosevelt home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Roosevelt$179,369
- 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.
Not enough data to draw this yet.
Zip codes with a Roosevelt address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Roosevelt — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.