Mendota Heights, MN—55120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mendota Heights, MN
As of Oct '25, the median home price in Mendota Heights, MN is $502,000, with a year-over-year change of 3.9%. This indicates that home prices in Mendota Heights, 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 | $502,000 | 3.9% |
| Single Family | $554,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $260,000 | 4.0% |
3 Bed | $436,000 | 4.3% |
4 Bed | $618,000 | 4.2% |
| 5 Bed | $709,000 | 3.4% |
% of Housing Stock
Rental Trends — Mendota Heights, MN
As of July '25, Rentcast reports the average rent in Mendota Heights, MN is $2,050, with a year-over-year rent change of -12.0%. Per bedroom, the median rent as of July '25 in Mendota Heights, MN is studios: $2,240, 1-bedrooms: $1,600, 2-bedrooms: $2,280, 4-bedrooms: $2,800. The most common rental property sizes in Mendota Heights, MN are 2-bedroom and 1-bedroom, accounting for 46.0% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,240 | $2,050 |
| Studio Rent | $2,240 | $2,240 |
| 1 Bed Rent | $1,600 | $1,600 |
| 2 Bed Rent | $2,250 | $2,280 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Mendota Heights, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mendota Heights, MN is 28. This is a increase of 72.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -26.0% |
Listing Count | 16 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 28 | 72.0% |
Demographics — Mendota Heights, MN
As of the latest ACS Survey released in 2023, Mendota Heights, MN has a population of 5,080, which has increased by 16.6% over the past 5 years. Mendota Heights, MN is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 57.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,080 | 16.6% |
% Under 18 | 23.3% | 16.5% |
% Seniors | 19.2% | -5.0% |
% WFH | 26.2% | 254.1% |
% w/ College Degree | 57.3% | -8.3% |
As of the latest ACS Survey released in 2023, Mendota Heights, MN is a predominantly white area, with 69.6% of the population identifying as white. The white population has shrunk by 22.5% in the last 5 years. The second most common race or ethnicity in Mendota Heights, MN is asian, making up 7.0% of the population. Foreign-born residents account for 7.5% of the population in Mendota Heights, MN, and this percentage has increased by 59.6% 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 | 69.6% | -22.5% |
% Black | 1.5% | -44.4% |
% Hispanic | 4.5% | 125.0% |
% Asian | 7.0% | 94.4% |
% Foreign Born | 7.5% | 59.6% |
Mortgage and Risk — Mendota Heights, MN
According to HUD data as of 2023, there were 76 mortgage originations in Mendota Heights, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Mendota Heights, MN. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mendota Heights, MN
Mendota Heights, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,600 | $1,200 |
| 2 Bedroom | -$790 | $2,250 | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | -$560 | $2,800 | $2,240 |
Affordability — Mendota Heights, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $502,000 |
| Median Household Income | $112,000 |