Why Live in Diamond Lake
Diamond Lake, located in Nokomis County, is a neighborhood 6 miles south of Minneapolis, where homes have lakefront views. Diamond Lake Park offers a serene environment with wooded trails and wildlife, while Lake Nokomis Park has fishing piers and boat rentals. The neighborhood's homes, built mainly between the 1930s and 1960s, include old Tudor homes, Minimal Traditional cottages, Victorians and Colonial Revivals. These properties range from $250,000 to $1 million, with lakefront homes commanding higher prices. Public schools include Wenonah Elementary, Hennepin Middle School and Roosevelt High School. 5-8 Club is a local restaurant, and Cub is the nearby grocery store. Diamond Lake is part of the HPDL Diamond Lake Community Association, which hosts events such as an Earth Day clean-up and a garage sale. Interstate 35W borders the west side, facilitating commutes to nearby cities.
Frequently Asked Questions
Is Diamond Lake a good place to live?
Diamond Lake is a good place to live, receiving 4.2 stars from its residents. Diamond Lake is considered somewhat walkable and very bikeable with some transit options. Diamond Lake is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Diamond Lake has 6 parks for recreational activities. It is somewhat dense in population with 7.1 people per acre and a median age of 41. The average household income is $161,143 which is above the national average. College graduates make up 64.5% of residents. A majority of residents in Diamond Lake are home owners, with 13% of residents renting and 87% of residents owning their home. A
local real estate agent serving Diamond Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Diamond Lake neighborhood guide.
Is Diamond Lake, MN a safe neighborhood?
Diamond Lake, MN is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Diamond Lake?
The median home price in Diamond Lake is $472,500. If you put a 20% down payment of $94,500 and had a 30-year fixed mortgage with an interest rate of 6.01%, your estimated principal and interest payment would be $2,270 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $97K a year to afford the median home price in Diamond Lake. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Diamond Lake is $161K.
What are the best public schools in Diamond Lake?
The best public schools that serve Diamond Lake are:
What are the best private schools in Diamond Lake?
The best private schools that serve Diamond Lake are:
- Our Lady Of Peace has an A+ Niche grade, a student teacher ratio of 11:1 and an average review score of 5.0.
- Annunciation Catholic School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.3.
- Academy Of Holy Angels has an A Niche grade, a student teacher ratio of 12:1 and an average review score of 4.3.
What are the most popular zip codes in Diamond Lake, Minneapolis, MN?
What are the most popular neighborhoods near Diamond Lake, Minneapolis, MN?
Home Trends in Diamond Lake, MN
On average, homes in Diamond Lake, Minneapolis sell after 20 days on the market compared to the national average of 54 days. The median sale price for homes in Diamond Lake, Minneapolis over the last 12 months is $475,000, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$475,000
Median Single Family Sale Price
$475,000
Median Townhouse Sale Price
$175,000
Average Price Per Sq Ft
$237
Number of Homes for Sale
2
Last 12 months Home Sales
66
Median List Price
$472,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%