Bayport, MN—55003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bayport, MN
As of Oct '25, the median home price in Bayport, MN is $429,000, with a year-over-year change of 3.0%. This indicates that home prices in Bayport, MN are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | 3.0% |
| Single Family | $426,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $299,000 | 3.1% |
3 Bed | $401,000 | 3.4% |
4 Bed | $568,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bayport, MN
As of July '25, Rentcast reports the average rent in Bayport, MN is $1,800, with a year-over-year rent change of -20.7%. Per bedroom, the median rent as of July '25 in Bayport, MN is 1-bedrooms: $950, 2-bedrooms: $1,750, 3-bedrooms: $2,750. The most common rental property sizes in Bayport, MN are 2-bedroom and 1-bedroom, accounting for 48.3% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,600 | $1,750 |
| 3 Bed Rent | $2,750 | $2,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bayport, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bayport, MN is 52. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $632,000 | 9.0% |
Listing Count | 11 | 42.0% |
| Listings as % of Homes | 0.4% | 42.0% |
Days on Market | 52 | 14.0% |
Demographics — Bayport, MN
As of the latest ACS Survey released in 2023, Bayport, MN has a population of 3,950, which has decreased by -7.4% over the past 5 years. Bayport, MN is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,950 | -7.4% |
% Under 18 | 16.1% | 1.9% |
% Seniors | 12.8% | -4.5% |
% WFH | 16.4% | 113.0% |
% w/ College Degree | 26.5% | 14.2% |
As of the latest ACS Survey released in 2023, Bayport, MN is a predominantly white area, with 75.9% of the population identifying as white. The white population has grown by 6.9% in the last 5 years. The second most common race or ethnicity in Bayport, MN is black, making up 16.2% of the population. Foreign-born residents account for 2.2% of the population in Bayport, MN, and this percentage has decreased by 56.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.9% | 6.9% |
% Black | 16.2% | 8.0% |
% Hispanic | 3.3% | -10.8% |
% Asian | 1.2% | 50.0% |
% Foreign Born | 2.2% | -56.0% |
Mortgage and Risk — Bayport, MN
According to HUD data as of 2023, there were 61 mortgage originations in Bayport, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Bayport, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 61 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bayport, MN
Bayport, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $950 | $1,250 |
| 2 Bedroom | -$70 | $1,600 | $1,530 |
| 3 Bedroom | -$710 | $2,750 | $2,040 |
| 4 Bedroom | N/A | N/A | $2,280 |
Affordability — Bayport, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $429,000 |
| Median Household Income | $116,000 |