Harris, MN—55032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harris, MN
As of Oct '25, the median home price in Harris, MN is $389,000, with a year-over-year change of 2.0%. This indicates that home prices in Harris, MN are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 2.0% |
| Single Family | $389,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $349,000 | 1.2% |
3 Bed | $414,000 | 2.7% |
4 Bed | $466,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harris, MN
Harris, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $927 | $927 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $927 | $927 |
| 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 — Harris, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Harris, MN is 37. This is a decrease of -58.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | -6.0% |
Listing Count | 18 | 77.0% |
| Listings as % of Homes | 0.5% | 77.0% |
Days on Market | 37 | -58.0% |
Demographics — Harris, MN
As of the latest ACS Survey released in 2023, Harris, MN has a population of 3,350, which has decreased by -4.4% over the past 5 years. Harris, MN is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,350 | -4.4% |
% Under 18 | 20.2% | -5.6% |
% Seniors | 14.3% | 12.6% |
% WFH | 12.2% | 79.4% |
% w/ College Degree | 20.0% | 17.6% |
As of the latest ACS Survey released in 2023, Harris, MN is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Harris, MN is asian, making up 2.1% of the population. Foreign-born residents account for 2.3% of the population in Harris, MN, and this percentage has increased by 76.9% 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 | 91.4% | -3.6% |
% Black | 1.2% | -36.8% |
% Hispanic | 1.9% | 137.5% |
% Asian | 2.1% | 162.5% |
% Foreign Born | 2.3% | 76.9% |
Mortgage and Risk — Harris, MN
According to HUD data as of 2023, there were 222 mortgage originations in Harris, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Harris, MN. Investor activity is low, as 0.0% 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 | 222 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Harris, MN
Harris, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 19.3% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $563 | $927 | $1,490 |
| 2 Bedroom | N/A | N/A | $1,820 |
| 3 Bedroom | N/A | N/A | $2,420 |
| 4 Bedroom | N/A | N/A | $2,710 |
Affordability — Harris, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $389,000 |
| Median Household Income | $107,000 |