Why Live in Palmer Lake
Palmer Lake is a community less than 15 miles north of Minneapolis with quiet cul-de-sacs and nearby parks, located in the southern region of Brooklyn Park, which meets the Mississippi River to the east. “Brooklyn Park is known for parks, a couple of recreational areas and lots of bike trails. It’s a very active community,” says Tom Walters, a local Realtor at Edina Realty’s The Walters Group, who has over 40 years of experience. Single-family homes are stationed in cul-de-sacs, including bi-levels and split-levels, some of which feature panel siding and brick on the base. Garages are often attached, leaving one or two fewer cars to clear after snowstorms. Bi-level prices range from $320,000 to $380,000; split-level prices are between $325,000 and $390,000. Condo communities are listed between $155,000 and $195,000. Eastern Palmer Lake is zoned for the Anoka-Hennepin School District. Schools include Evergreen Park Elementary, which earns a C-plus from Niche, and Jackson Middle, which receives a B-plus. The A-minus-rated Champlin High School offers post-secondary preparation courses, including International Baccalaureate (IB) and Advanced Placement (AP).
The Osseo Area Schools
Frequently Asked Questions
Is Palmer Lake a good place to live?
Palmer Lake is a good place to live. Palmer Lake is considered very car-dependent and bikeable with some transit options. Palmer Lake has 4 parks for recreational activities. It has a median age of 36. The average household income is $83,271 which is below the national average. College graduates make up 30.3% of residents. A majority of residents in Palmer Lake are home owners, with 15.3% of residents renting and 84.7% of residents owning their home. A
local real estate agent serving Palmer Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Palmer Lake neighborhood guide.
Is Palmer Lake, MN a safe neighborhood?
Palmer Lake, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Palmer Lake?
The median home price in Palmer Lake is $499,500. If you put a 20% down payment of $99,900 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Palmer Lake. The average household income in Palmer Lake is $83K.
What are the best public schools in Palmer Lake?
The best public schools that serve Palmer Lake are:
What are the best private schools in Palmer Lake?
The best private schools that serve Palmer Lake are:
What are the most popular zip codes in Palmer Lake, Brooklyn Park, MN?
What are the most popular neighborhoods near Palmer Lake, Brooklyn Park, MN?
Home Trends in Palmer Lake, MN
On average, homes in Palmer Lake, Brooklyn Park sell after 60 days on the market compared to the national average of 70 days. The median sale price for homes in Palmer Lake, Brooklyn Park over the last 12 months is $499,500, up 26% from the median home sale price over the previous 12 months.
Median Sale Price
$499,500
Median Single Family Sale Price
$499,500
Median 2 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
4
Last 12 months Home Sales
34
Median List Price
$499,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
26%