Rice Lake North, Maple Grove, MN
Rice Lake North — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Rice Lake North, Maple Grove, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Rice Lake North Neighborhood Overview
Rice Lake North is a desirable residential neighborhood located in the northwest Twin Cities suburb of Maple Grove, Minnesota. Characterized by its quiet, family-friendly atmosphere, the area offers a suburban lifestyle with convenient access to urban amenities. The neighborhood's name is derived from its proximity to the scenic Rice Lake, a popular spot for recreation.
Lifestyle & Amenities
Residents enjoy a high quality of life with numerous parks, trails, and the nearby Rice Lake itself for boating and fishing. The Shoppes at Arbor Lakes and The Grove retail and entertainment complex are just a short drive away, providing extensive shopping, dining, and entertainment options. This balance of natural spaces and commercial convenience is a key feature of living in Rice Lake North.
Real Estate Market
The real estate market in Rice Lake North is strong, with a median home value of $437,500 and a high homeownership rate of 87%. Homes typically sell for about $192 per square foot and spend an average of 41 days on the market, indicating steady demand. For renters, the median monthly rent is $1,782.
Schools & Education
Families in Rice Lake North are served by the highly-regarded Osseo Area School District (District 279). The neighborhood is zoned for several well-rated public schools, though specific school assignments can vary by street. The district's commitment to academic excellence is a significant draw for families moving to the area.
Transportation & Connectivity
The neighborhood provides excellent connectivity via major roadways like Interstate 94 and Highway 610, facilitating easy commutes to Minneapolis and other western suburbs. While primarily car-dependent, several Metro Transit bus routes serve the Maple Grove Transit Station, offering public transportation options. The area's road network is well-maintained and designed to handle suburban traffic flow efficiently.
Why Choose Rice Lake North
Rice Lake North is an ideal choice for those seeking a stable, affluent community with a median household income of $143,375 and a high rate of homeownership. It perfectly blends peaceful suburban living with the convenience of nearby shopping, dining, and major employers. The combination of natural beauty, strong schools, and a robust housing market makes it a premier neighborhood in the northwest metro.
Rice Lake North Market Data
| Metric | Value |
|---|---|
| Median Home Price | $438K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $143K |
| Homeownership Rate | 87.1% |
| Renter-Occupied | 12.9% |
| Rental Vacancy Rate | 3.0% |
| Market Type | Seller's |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 55311 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Rice Lake North, Maple Grove
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Rice Lake North, Maple Grove, MN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15