Mahtomedi, MN—55115
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mahtomedi, MN
As of Oct '25, the median home price in Mahtomedi, MN is $488,000, with a year-over-year change of 1.4%. This indicates that home prices in Mahtomedi, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $488,000 | 1.4% |
| Single Family | $490,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $339,000 | 1.5% |
3 Bed | $429,000 | 1.4% |
4 Bed | $554,000 | 1.8% |
| 5 Bed | $693,000 | 2.2% |
% of Housing Stock
Rental Trends — Mahtomedi, MN
As of July '25, Rentcast reports the average rent in Mahtomedi, MN is $1,450, with a year-over-year rent change of -34.7%. Per bedroom, the median rent as of July '25 in Mahtomedi, MN is 1-bedrooms: $1,200, 2-bedrooms: $1,780. The most common rental property sizes in Mahtomedi, MN are 1-bedroom and 2-bedroom, accounting for 45.6% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,530 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,800 | $1,780 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mahtomedi, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mahtomedi, MN is 31. This is a increase of 9.0% 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 | $570,000 | 19.0% |
Listing Count | 34 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 31 | 9.0% |
Demographics — Mahtomedi, MN
As of the latest ACS Survey released in 2023, Mahtomedi, MN has a population of 8,930, which has decreased by -2.1% over the past 5 years. Mahtomedi, MN is a moderately popular place for families, as children make up 23.7% of the population. The area has a highly educated workforce, with 62.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,930 | -2.1% |
% Under 18 | 23.7% | -7.4% |
% Seniors | 20.6% | 21.9% |
% WFH | 29.2% | 294.6% |
% w/ College Degree | 62.6% | 19.9% |
As of the latest ACS Survey released in 2023, Mahtomedi, MN is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Mahtomedi, MN is asian, making up 1.7% of the population. Foreign-born residents account for 2.9% of the population in Mahtomedi, MN, and this percentage has decreased by 31.0% 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 | 94.1% | 4.3% |
% Black | 0.3% | -92.9% |
% Hispanic | 0.5% | -78.3% |
% Asian | 1.7% | 0.0% |
% Foreign Born | 2.9% | -31.0% |
Mortgage and Risk — Mahtomedi, MN
According to HUD data as of 2023, there were 186 mortgage originations in Mahtomedi, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Mahtomedi, MN. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 186 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Mahtomedi, MN
Mahtomedi, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 129 |
Total Units Section 8 | 129 |
% Rentals under Section 8 | 22.7% |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $1,200 | $1,780 |
| 2 Bedroom | $370 | $1,800 | $2,170 |
| 3 Bedroom | N/A | N/A | $2,890 |
| 4 Bedroom | N/A | N/A | $3,240 |
Affordability — Mahtomedi, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $488,000 |
| Median Household Income | $133,000 |