Lake Forest, Minneapolis, MN
Lake Forest — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Lake Forest, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Lake Forest Neighborhood Overview
Lake Forest is a residential neighborhood in the southwest corner of Minneapolis, Minnesota. It is known for its quiet, suburban-style streets and its proximity to major parks and recreational water bodies. The community offers a peaceful retreat within the city limits, appealing to families and professionals alike.
Lifestyle & Amenities
Residents enjoy easy access to outdoor recreation at nearby Lake Harriet and the expansive Minnehaha Creek Parkway system. The neighborhood's location provides convenient shopping and dining options along France Avenue and in the adjacent city of Edina. Its park-like setting fosters a strong sense of community and an active lifestyle.
Real Estate Market
The real estate in Lake Forest primarily consists of single-family homes on well-maintained lots. According to U.S. Census data, the median home value in the area is $434,600. This reflects the neighborhood's desirability and its position as a stable, established residential enclave in the city.
Schools & Education
Lake Forest is served by the Minneapolis Public Schools district. Families in the area have access to a variety of public school options, and the neighborhood's high median household income often correlates with strong community support for education. Several well-regarded schools are located in nearby neighborhoods.
Transportation & Connectivity
The neighborhood is conveniently located near major thoroughfares like Interstate 494 and Highway 62, providing quick access to downtown Minneapolis, the airport, and the broader metro area. While primarily car-dependent, several Metro Transit bus lines serve the area, connecting residents to key commercial and employment centers.
Why Choose Lake Forest
Lake Forest offers an ideal blend of serene, green living and urban convenience. With a median household income of $99,383, it attracts residents seeking a high quality of life with excellent access to parks, amenities, and major transportation routes. It is a top choice for those wanting a quiet, family-friendly neighborhood within Minneapolis.
Lake Forest Market Data
| Metric | Value |
|---|---|
| Median Home Price | $435K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $99K |
| Homeownership Rate | 50.7% |
| Renter-Occupied | 49.3% |
| Rental Vacancy Rate | 6.6% |
| Market Type | Balanced |
| Market Tier | Upper Mid |
| Primary ZIP Code | 55416 |
| 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 Lake Forest, Minneapolis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Lake Forest, Minneapolis, 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 2026-10-12