Why Live in Rice Lake
Rice Lake, Minnesota, offers a woodsy environment and a sense of privacy just outside Duluth. The area, which became a city in 2015, features homes with Duluth addresses and is zoned to Duluth Public Schools. Housing styles range from early 1900s bungalows and Cape Cods to ranch-style and bi-level homes from the 1950s onward, often situated on 2-acre lots along rural dirt roads. The southwest side is close to Duluth International Airport, which can be noisy. Local highlights include the 2,600-acre Wild Rice Lake Reservoir, Rice Lake City Park with its playground, picnic pavilion, and athletic fields, and the Lake Park Athletic Complex for soccer, baseball, and softball. Commercial activity is growing, with businesses like BoomTown Woodfire Bar & Grill and Sammy’s Pizza. Students attend highly rated Homecroft Elementary School, Ordean East Middle School, and Duluth East High School, which offers college credits and career training programs. Community events, such as the Halloween party and Chief Frantz Red Run 5k, are hosted by the local volunteer fire department. Rice Lake is about 20 to 30 minutes from downtown Duluth and Lake Superior, providing a blend of rural living with access to urban amenities.
Home Trends in Rice Lake, MN
On average, homes in Rice Lake, MN sell after 15 days on the market compared to the national average of 50 days. The median sale price for homes in Rice Lake, MN over the last 12 months is $375,000, up 40% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$369,000
Average Price Per Sq Ft
$216
Number of Homes for Sale
2
Last 12 months Home Sales
22
Median List Price
$372,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
40%