Oak Grove, MN—55011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Grove, MN
As of Oct '25, the median home price in Oak Grove, MN is $431,000, with a year-over-year change of 3.8%. This indicates that home prices in Oak Grove, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $431,000 | 3.8% |
| Single Family | $431,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $369,000 | 3.9% |
3 Bed | $419,000 | 4.0% |
4 Bed | $479,000 | 3.9% |
| 5 Bed | $554,000 | 2.6% |
% of Housing Stock
Rental Trends — Oak Grove, MN
As of July '25, Rentcast reports the average rent in Oak Grove, MN is $1,870, with a year-over-year rent change of -25.2%. Per bedroom, the median rent as of July '25 in Oak Grove, MN is 2-bedrooms: $2,200, 3-bedrooms: $1,550. The most common rental property sizes in Oak Grove, MN are 2-bedroom and 3-bedroom, accounting for 37.8% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,200 |
| 3 Bed Rent | $1,550 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oak Grove, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Grove, MN is 45. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 7.0% |
Listing Count | 59 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 45 | -10.0% |
Demographics — Oak Grove, MN
As of the latest ACS Survey released in 2023, Oak Grove, MN has a population of 11,000, which has increased by 5.1% over the past 5 years. Oak Grove, MN is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | 5.1% |
% Under 18 | 24.0% | 3.4% |
% Seniors | 12.0% | 15.4% |
% WFH | 11.9% | 65.3% |
% w/ College Degree | 25.8% | 0.0% |
As of the latest ACS Survey released in 2023, Oak Grove, MN is a predominantly white area, with 92.8% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Oak Grove, MN is asian, making up 1.9% of the population. Foreign-born residents account for 2.7% of the population in Oak Grove, MN, and this percentage has decreased by 32.5% 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 | 92.8% | 3.9% |
% Black | 0.2% | -80.0% |
% Hispanic | 1.8% | 5.9% |
% Asian | 1.9% | -67.8% |
% Foreign Born | 2.7% | -32.5% |
Mortgage and Risk — Oak Grove, MN
According to HUD data as of 2023, there were 186 mortgage originations in Oak Grove, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Oak Grove, MN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Oak Grove, MN
Oak Grove, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,700 |
| 2 Bedroom | -$130 | $2,200 | $2,070 |
| 3 Bedroom | $1,210 | $1,550 | $2,760 |
| 4 Bedroom | N/A | N/A | $3,090 |
Affordability — Oak Grove, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $431,000 |
| Median Household Income | $127,000 |