Goodhue, MN—55027
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goodhue, MN
As of Oct '25, the median home price in Goodhue, MN is $372,000, with a year-over-year change of 4.6%. This indicates that home prices in Goodhue, MN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 4.6% |
| Single Family | $372,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $338,000 | 4.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Goodhue, MN
Goodhue, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Goodhue, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Goodhue, MN is 52. This is a decrease of -3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | 20.0% |
Listing Count | 6 | -23.0% |
| Listings as % of Homes | 0.3% | -23.0% |
Days on Market | 52 | -3.0% |
Demographics — Goodhue, MN
As of the latest ACS Survey released in 2023, Goodhue, MN has a population of 2,950, which has decreased by -3.9% over the past 5 years. Goodhue, MN is a popular place for families, as children make up 33.2% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,950 | -3.9% |
% Under 18 | 33.2% | 16.1% |
% Seniors | 12.3% | 15.0% |
% WFH | 11.0% | 37.5% |
% w/ College Degree | 21.9% | 7.4% |
As of the latest ACS Survey released in 2023, Goodhue, MN is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Goodhue, MN is hispanic, making up 5.9% of the population. Foreign-born residents account for 3.6% of the population in Goodhue, MN, and this percentage has decreased by 10.0% 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 | 92.0% | -1.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 5.9% | 3.5% |
% Asian | 0.3% | ∞% |
% Foreign Born | 3.6% | -10.0% |
Mortgage and Risk — Goodhue, MN
According to HUD data as of 2023, there were 52 mortgage originations in Goodhue, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Goodhue, MN. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Goodhue, MN
Goodhue, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | N/A | N/A | $1,720 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — Goodhue, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $372,000 |
| Median Household Income | $92,900 |