From April through June of 2019, there were three homes sold, with a median sale price of $290,000 - a 20.4% increase over the $240,950 median sale price for the same period of the previous year. There were six homes sold in Martin Lake in the second quarter of 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 the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Nowthen | 14 | 8 | 75% | $385,500 | $352,750 | 9.3% |
| Ham Lake | 54 | 51 | 5.9% | $349,500 | $339,000 | 3.1% |
| Lino Lakes | 59 | 85 | -30.6% | $330,000 | $300,000 | 10% |
| Andover | 148 | 132 | 12.1% | $315,000 | $315,950 | -0.3% |
| Martin Lake | 3 | 6 | -50% | $290,000 | $240,950 | 20.4% |
| Oak Grove | 22 | 19 | 15.8% | $285,950 | $313,400 | -8.8% |
| East Bethel | 37 | 30 | 23.3% | $280,000 | $307,500 | -8.9% |
| Columbus | 6 | 11 | -45.5% | $279,000 | $320,000 | -12.8% |
| Centerville | 15 | 10 | 50% | $276,000 | $256,000 | 7.8% |
| Ramsey | 115 | 107 | 7.5% | $274,000 | $270,000 | 1.5% |
| Blaine | 289 | 273 | 5.9% | $270,000 | $245,000 | 10.2% |
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