North Branch, MN 55056 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

North Branch, MN—55056

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$358,000

2.1% YoY Growth

Household Income

$93,600

19.2% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

-1.6%

Median Rent

$1,220

23.6% YoY Growth

1-Bed Rent

$905

15.3% YoY Growth

2-Bed Rent

$1,220

10.9% YoY Growth

3-Bed Rent

N/A

Home Price Trends — North Branch, MN

As of May '26, the median home price in North Branch, MN is $358,000, with a year-over-year change of 2.1%. This indicates that home prices in North Branch, MN are increasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$358,000	2.1%
Single Family	$358,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — North Branch, MN

As of July '25, Rentcast reports the average rent in North Branch, MN is $1,330, with a year-over-year rent change of -23.6%. Per bedroom, the median rent as of July '25 in North Branch, MN is 1-bedrooms: $905, 2-bedrooms: $1,220, 4-bedrooms: $1,880. The most common rental property sizes in North Branch, MN are 2-bedroom and 3-bedroom, accounting for 39.4% and 30.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,220	$1,330
Studio Rent	N/A	N/A
1 Bed Rent	$905	$905
2 Bed Rent	$1,220	$1,220
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,880	$1,880

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% of Rental Stock

Studio

9.0%

1 Bedroom

18.9%

2 Bedrooms

39.4%

3 Bedrooms

30.1%

4 Bedrooms

2.6%

Property Listings — North Branch, MN

As of May '26, Realtor.com reports that the median days on market for a home in North Branch, MN is 46. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$385,000	-1.0%
Listing Count	110	13.0%
Listings as % of Homes	1.2%	13.0%
Days on Market	46	28.0%

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Demographics — North Branch, MN

As of the latest ACS Survey released in 2023, North Branch, MN has a population of 14,300, which has increased by 2.8% over the past 5 years. North Branch, MN is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,300	2.8%
% Under 18	22.0%	-6.8%
% Seniors	16.4%	31.2%
% WFH	9.3%	89.8%
% w/ College Degree	20.8%	8.3%

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As of the latest ACS Survey released in 2023, North Branch, MN is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in North Branch, MN is hispanic, making up 2.5% of the population. Foreign-born residents account for 2.1% of the population in North Branch, MN, and this percentage has increased by 133.3% 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	91.1%	-2.7%
% Black	0.5%	-37.5%
% Hispanic	2.5%	-24.2%
% Asian	0.9%	-18.2%
% Foreign Born	2.1%	133.3%

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Mortgage and Risk — North Branch, MN

According to HUD data as of 2023, there were 432 mortgage originations in North Branch, MN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in North Branch, MN. Investor activity is low, as 2.0% 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	432
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — North Branch, MN

North Branch, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	74
Total Units Section 8	74
% Rentals under Section 8	8.6%
% Occupied Section 8	92.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$295	$905	$1,200
2 Bedroom	$240	$1,220	$1,460
3 Bedroom	N/A	N/A	$1,970
4 Bedroom	$360	$1,880	$2,240

North Branch, MN—55056

Key Metrics at a Glance

Home Price Trends — North Branch, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Branch, MN

% of Rental Stock

Property Listings — North Branch, MN

Demographics — North Branch, MN

Race and Ethnicity

Mortgage and Risk — North Branch, MN

Mortgages

Rentals and Section 8 — North Branch, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — North Branch, MN

Home Price to Income Ratio

North Branch, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Harris, MN

Stacy, MN

Chisago City, MN

Lindstrom, MN

Center City, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$358,000
Median Household Income	$93,600

North Branch, MN—55056

Key Metrics at a Glance

Home Price Trends — North Branch, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — North Branch, MN

% of Rental Stock

Property Listings — North Branch, MN

Demographics — North Branch, MN

Race and Ethnicity

Mortgage and Risk — North Branch, MN

Mortgages

Rentals and Section 8 — North Branch, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — North Branch, MN

Home Price to Income Ratio

North Branch, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Harris, MN

Stacy, MN

Chisago City, MN

Lindstrom, MN

Center City, MN

Frequently Asked Questions

What is the average home price in North Branch, MN 55056?

How have home prices in North Branch, MN 55056 changed over the past year?

What is the home price projection for North Branch, MN 55056?

What are the demographics of North Branch, MN 55056?

How long does it take homes to sell in North Branch, MN 55056?

What is the average rent price in North Branch, MN 55056?