North Branch, MN—55056
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Branch, MN
As of Oct '25, the median home price in North Branch, MN is $347,000, with a year-over-year change of 2.5%. This indicates that home prices in North Branch, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 2.5% |
| Single Family | $347,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | 3.7% |
3 Bed | $348,000 | 3.3% |
4 Bed | $396,000 | 3.1% |
| 5 Bed | $437,000 | 2.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — North Branch, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Branch, MN is 45. This is a increase of 30.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | -3.0% |
Listing Count | 99 | -21.0% |
| Listings as % of Homes | 1.2% | -21.0% |
Days on Market | 45 | 30.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — North Branch, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $347,000 |
| Median Household Income | $93,600 |