1 bedroom homes for sale in Rainy Lake, MN

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Rainy Lake, MN Real Estate Market Overview

The inventory of homes for sale in Rainy Lake, MN between March 2025 and April 2025 increased by 30%. Listings spent 172 days on the market in April 2025, and had a median list price of $307,450 during the same period.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Rainy Lake, MN

Rainy Lake is located in Koochiching County, Minnesota. There are roughly 5,498 residents, living in 2,344 households. The average temperature for Rainy Lake this time of the year is low of 39F and high of 66F. On average, Rainy Lake gets about 2.72 inches of precipitation in May. Most residents are home owners (81%), have a post secondary degree (52%) and are single, no kids (40%).

Data provided by Home Junction

Housing market reports in Koochiching County

Top real estate cities in Minnesota

MLS Disclaimers & Copyright

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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