Nerstrand, MN—55053
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nerstrand, MN
As of Oct '25, the median home price in Nerstrand, MN is $416,000, with a year-over-year change of 5.4%. This indicates that home prices in Nerstrand, MN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | 5.4% |
| Single Family | $416,000 | 5.6% |
| 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 | $401,000 | 5.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nerstrand, MN
Nerstrand, 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 — Nerstrand, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Nerstrand, MN is 168. This is a increase of 178.0% from last year, suggesting that homes are sitting on the market longer 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 | $404,000 | -19.0% |
Listing Count | 3 | 29.0% |
| Listings as % of Homes | 0.3% | 29.0% |
Days on Market | 168 | 178.0% |
Demographics — Nerstrand, MN
As of the latest ACS Survey released in 2023, Nerstrand, MN has a population of 995, which has decreased by -8.1% over the past 5 years. Nerstrand, MN is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 995 | -8.1% |
% Under 18 | 26.3% | 4.8% |
% Seniors | 15.1% | 13.5% |
% WFH | 22.7% | 118.3% |
% w/ College Degree | 30.0% | 3.4% |
As of the latest ACS Survey released in 2023, Nerstrand, MN is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Nerstrand, MN is hispanic, making up 6.8% of the population. Foreign-born residents account for 1.5% of the population in Nerstrand, MN, and this percentage has decreased by 6.2% 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 | 89.7% | -8.9% |
% Black | 0.0% | N/A |
% Hispanic | 6.8% | 1,033.3% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 1.5% | -6.2% |
Mortgage and Risk — Nerstrand, MN
Nerstrand, 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 — Nerstrand, MN
Nerstrand, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,240 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | N/A | N/A | $2,150 |
| 4 Bedroom | N/A | N/A | $2,650 |
Affordability — Nerstrand, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $416,000 |
| Median Household Income | $107,000 |