Scandia, MN—55073
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scandia, MN
As of Oct '25, the median home price in Scandia, MN is $523,000, with a year-over-year change of 2.5%. This indicates that home prices in Scandia, 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 | $523,000 | 2.5% |
| Single Family | $523,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $460,000 | 3.8% |
3 Bed | $499,000 | 2.5% |
4 Bed | $570,000 | 2.2% |
| 5 Bed | $639,000 | 1.1% |
% of Housing Stock
Rental Trends — Scandia, MN
Scandia, 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 — Scandia, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Scandia, MN is 73. This is a decrease of -2.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | -11.0% |
Listing Count | 9 | -3.0% |
| Listings as % of Homes | 0.4% | -3.0% |
Days on Market | 73 | -2.0% |
Demographics — Scandia, MN
As of the latest ACS Survey released in 2023, Scandia, MN has a population of 4,140, which has increased by 15.1% over the past 5 years. Scandia, MN is a popular place for families, as children make up 31.1% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,140 | 15.1% |
% Under 18 | 31.1% | 21.5% |
% Seniors | 18.1% | 2.8% |
% WFH | 24.3% | 262.7% |
% w/ College Degree | 39.5% | 25.0% |
As of the latest ACS Survey released in 2023, Scandia, MN is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Scandia, MN is hispanic, making up 2.1% of the population. Foreign-born residents account for 2.1% of the population in Scandia, 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 | 93.4% | -3.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.1% | -16.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | 133.3% |
Mortgage and Risk — Scandia, MN
According to HUD data as of 2023, there were 86 mortgage originations in Scandia, MN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Scandia, 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 | 86 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Scandia, MN
Scandia, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 0 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% 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 | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Scandia, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $523,000 |
| Median Household Income | $131,000 |