Why Live in Lake Forest
Lake Forest in Saint Louis Park is a serene, upscale neighborhood just 5 miles from downtown Minneapolis. Known for its tranquil suburban lifestyle, the area features larger lots and winding streets that create a peaceful, wooded atmosphere. Homes here, mostly built in the early 1950s, include mid-century ranch styles, minimal traditionals, and Colonial Revivals, with the Olfelt Residence designed by Frank Lloyd Wright. The neighborhood is built around its own lake and is close to the Chain of Lakes, making water activities a daily part of life. Students attend highly-rated schools, including St. Louis Park Senior High School. Local amenities include the Twin Lakes Park, which offers a playground, sports fields, and trails, and the private Minikahda Club for golf. Residents are a short drive from Cedar Lake and The Shops at West End, which features department stores and dining options like Good Day Cafe and Yard House. The area provides easy access to major highways, with State Highway 100 connecting to I-394. Public transportation is available via Metro Transit bus services, and Minneapolis-St Paul International Airport is 16 miles away.
Frequently Asked Questions
Is Lake Forest a good place to live?
Lake Forest is a good place to live. Lake Forest is considered very car-dependent and bikeable with some transit options. Lake Forest is a suburban neighborhood. Lake Forest has 8 parks for recreational activities. It is sparse in population with 2.7 people per acre and a median age of 42. The average household income is $147,416 which is above the national average. College graduates make up 83.9% of residents. A majority of residents in Lake Forest are home owners, with 3.7% of residents renting and 96.3% of residents owning their home. A
local real estate agent serving Lake Forest can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Forest neighborhood guide.
How much do you need to make to afford a house in Lake Forest?
The median home price in Lake Forest is $1,100,000. If you put a 20% down payment of $220,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $5,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $232K a year to afford the median home price in Lake Forest. The average household income in Lake Forest is $147K.
What are the best public schools in Lake Forest?
The best public schools that serve Lake Forest are:
What are the best private schools in Lake Forest?
The best private schools that serve Lake Forest are:
What are the most popular zip codes in Lake Forest, Saint Louis Park, MN?
What are the most popular neighborhoods near Lake Forest, Saint Louis Park, MN?
Home Trends in Lake Forest, MN
On average, homes in Lake Forest, Saint Louis Park sell after 188 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Forest, Saint Louis Park over the last 12 months is $1,200,000, up 62% from the median home sale price over the previous 12 months.
Median Sale Price
$1,200,000
Median Single Family Sale Price
$1,100,000
Average Price Per Sq Ft
$304
Number of Homes for Sale
2
Last 12 months Home Sales
3
Median List Price
$1,100,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
62%