Why Live in Palmer Lake
Palmer Lake offers a quiet, nature-focused atmosphere with cul-de-sacs and nearby parks. The neighborhood features single-family bi-level and split-level homes that typically list between $320,000 and $380,000, while split-levels are priced from $325,000 to $390,000. Condo communities north of the nature preserve provide additional housing options, generally between $155,000 and $195,000.
Residents benefit from access to the Palmer Lake Environmental Nature Area, the city’s largest preserve at nearly 200 acres, as well as Meadowwood Park and the Shingle Creek Regional Trail—a 3-mile loop popular with walkers and cyclists. Neighborhood parks offer updated playgrounds, zip lines, tennis courts, and baseball fields.
Families are served by two public school districts. Eastern Palmer Lake falls under Anoka-Hennepin, home to Evergreen Park Elementary and Champlin Park High, while western areas attend Osseo Area Schools, including Palmer Lake Elementary and Park Center Senior High.
Shopping and dining are nearby at Edinburgh Festival Centre and Shingle Creek Crossing, with choices from Festival Foods and Golden Lion Supermarket to independent cafés like Mi-Sant. Getting around is easy thanks to Metro Transit connections and convenient access to major highways, putting downtown Minneapolis about 10 miles away.
Frequently Asked Questions
Is Palmer Lake a good place to live?
Palmer Lake is a good place to live. Palmer Lake is considered car-dependent and very bikeable with minimal transit options. Palmer Lake has 4 parks for recreational activities. It has a median age of 36. The average household income is $83,271 which is below the national average. College graduates make up 30.3% of residents. A majority of residents in Palmer Lake are home owners, with 15.3% of residents renting and 84.7% of residents owning their home. A
local real estate agent serving Palmer Lake can help you decide if this neighborhood is the right one for you. Learn more on our
Palmer Lake neighborhood guide.
Is Palmer Lake, MN a safe neighborhood?
Palmer Lake, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Palmer Lake?
The median home price in Palmer Lake is $190,000. If you put a 20% down payment of $38,000 and had a 30-year fixed mortgage with an interest rate of 6.51%, your estimated principal and interest payment would be $960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $41K a year to afford the median home price in Palmer Lake. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Palmer Lake is $83K.
What are the best public schools in Palmer Lake?
The best public schools that serve Palmer Lake are:
What are the best private schools in Palmer Lake?
The best private schools that serve Palmer Lake are:
What are the most popular zip codes in Palmer Lake, Brooklyn Park, MN?
What are the most popular neighborhoods near Palmer Lake, Brooklyn Park, MN?
Are home prices dropping in Palmer Lake?
Yes, home prices in Palmer Lake are down 12% in the last 12 months.
Home Trends in Palmer Lake, MN
On average, homes in Palmer Lake, Brooklyn Park sell after 39 days on the market compared to the national average of 58 days. The median sale price for homes in Palmer Lake, Brooklyn Park over the last 12 months is $253,000, down 22% from the median home sale price over the previous 12 months.
Median Sale Price
$253,000
Median Single Family Sale Price
$350,000
Median Townhouse Sale Price
$230,000
Average Price Per Sq Ft
$184
Number of Homes for Sale
4
Last 12 months Home Sales
25
Median List Price
$190,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-22%