Center City, MN—55012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Center City, MN
As of Oct '25, the median home price in Center City, MN is $388,000, with a year-over-year change of 0.7%. This indicates that home prices in Center City, MN are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | 0.7% |
| Single Family | $389,000 | 0.5% |
| 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 | 1.1% |
3 Bed | $413,000 | 2.5% |
4 Bed | $458,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Center City, MN
Center City, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Center City, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Center City, MN is 44. This is a decrease of -56.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | -20.0% |
Listing Count | 13 | 41.0% |
| Listings as % of Homes | 0.4% | 41.0% |
Days on Market | 44 | -56.0% |
Demographics — Center City, MN
As of the latest ACS Survey released in 2023, Center City, MN has a population of 2,000, which has remained stable by -0.9% over the past 5 years. Center City, MN is a less popular place for families, as children make up 11.9% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,000 | -0.9% |
% Under 18 | 11.9% | -22.7% |
% Seniors | 25.6% | 43.0% |
% WFH | 9.9% | 135.7% |
% w/ College Degree | 31.2% | 39.3% |
As of the latest ACS Survey released in 2023, Center City, MN is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Center City, MN is black, making up 1.6% of the population. Foreign-born residents account for 1.9% of the population in Center City, MN, and this percentage has increased by 90.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.2% | -5.8% |
% Black | 1.6% | 128.6% |
% Hispanic | 1.4% | 55.6% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 1.9% | 90.0% |
Mortgage and Risk — Center City, MN
Center City, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Center City, MN
Center City, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,220 |
| 2 Bedroom | N/A | N/A | $1,490 |
| 3 Bedroom | $480 | $1,500 | $1,980 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Center City, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $388,000 |
| Median Household Income | $93,500 |