Wood Lake, MN

Wood Lake is a small town located in Hennepin County, Minnesota. The population was 1,851 at the 2010 census. Wood Lake is known for its lakes and woods. The town was founded in 1858 by settlers from Sweden. The town's name is derived from the wooded area near the original settlement.

The economy of Wood Lake is based largely on agriculture and tourism. Agriculture includes cattle, hay, and corn production; while tourism focuses on fishing, boating, hiking, skiing, and other outdoor activities. There are also several small businesses in Wood Lake that provide services to residents and tourists alike.

Real estate in Wood Lake is primarily residential with a few commercial properties scattered throughout the town. The median price of homes sold in Wood Lake between 2009-2013 was $214,000 which indicates that real estate prices are relatively stable compared to other towns of similar size across Minnesota. This stability may be due to the close proximity of Minneapolis which provides a strong market for housing goods and services as well as a large population base within commuting distance.

The majority of homes in Wood Lake are single family dwellings with about half of all homes being owner-occupied while the remainder are rented out or leased to tenants. There is also a significant number of multi-unit dwellings including apartments and condos which make up a significant portion of housing stock in Wood Lake relative to other towns of similar size across Minnesota