From January through December of 2019, there were 12 homes sold, with a median sale price of $262,500 - a 0.6% increase over the $260,950 median sale price for the previous year. There were 16 homes sold in Martin Lake in 2018.
The median sales tax in Martin Lake for 2019 was $2,187. In 2018, the median sales tax was $1,912. This marks an increase of 14.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.8%.
The following table compares Martin Lake to other Anoka County cities with similar median sales prices in 2019:
| City | Jan. - Dec. 2019 Home Sales | Jan. - Dec. 2018 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2019 Median Sales Price | Jan. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Linwood | 33 | 63 | -47.6% | $284,900 | $285,000 | -0% |
| East Bethel | 117 | 172 | -32% | $275,000 | $258,229.25 | 6.5% |
| Centerville | 34 | 58 | -41.4% | $273,270 | $264,500 | 3.3% |
| Ramsey | 329 | 472 | -30.3% | $271,500 | $246,705 | 10.1% |
| Blaine | 774 | 1,131 | -31.6% | $265,000 | $242,000 | 9.5% |
| Martin Lake | 12 | 16 | -25% | $262,500 | $260,950 | 0.6% |
| Lexington | 18 | 25 | -28% | $242,200 | $200,000 | 21.1% |
| Fridley | 265 | 440 | -39.8% | $240,000 | $215,000 | 11.6% |
| Coon Rapids | 786 | 1,125 | -30.1% | $233,250 | $223,900 | 4.2% |
| St. Francis | 100 | 157 | -36.3% | $232,750 | $222,000 | 4.8% |
| Anoka | 154 | 250 | -38.4% | $224,000 | $218,750 | 2.4% |
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