New Trier, MN—55031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Trier, MN
As of Oct '25, the median home price in New Trier, MN is $450,000, with a year-over-year change of 4.5%. This indicates that home prices in New Trier, 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 | $450,000 | 4.6% |
| Single Family | $450,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $422,000 | 4.7% |
4 Bed | $478,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Trier, MN
As of July '25, Rentcast reports the average rent in New Trier, MN is $1,550, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in New Trier, MN is 2-bedrooms: $1,550. The most common rental property sizes in New Trier, MN are 2-bedroom and 3-bedroom, accounting for 45.2% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,550 | $1,550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Trier, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Trier, MN is 28. This is a decrease of -17.0% 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 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | -56.0% |
Listing Count | 5 | 33.0% |
| Listings as % of Homes | 0.3% | 33.0% |
Days on Market | 28 | -17.0% |
Demographics — New Trier, MN
As of the latest ACS Survey released in 2023, New Trier, MN has a population of 1,680, which has decreased by -19.9% over the past 5 years. New Trier, MN is a moderately popular place for families, as children make up 20.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,680 | -19.9% |
% Under 18 | 20.3% | -21.3% |
% Seniors | 18.4% | 67.3% |
% WFH | 13.1% | 178.7% |
% w/ College Degree | 20.3% | -17.8% |
As of the latest ACS Survey released in 2023, New Trier, MN is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in New Trier, MN is hispanic, making up 3.6% of the population. Foreign-born residents account for 1.2% of the population in New Trier, MN, and this percentage has decreased by 14.3% 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% | -3.9% |
% Black | 0.4% | -55.6% |
% Hispanic | 3.6% | 157.1% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 1.2% | -14.3% |
Mortgage and Risk — New Trier, MN
According to HUD data as of 2023, there were 82 mortgage originations in New Trier, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in New Trier, MN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — New Trier, MN
New Trier, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | -$90 | $1,550 | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — New Trier, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $450,000 |
| Median Household Income | $114,000 |