Annandale, MN—55302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Annandale, MN
As of Oct '25, the median home price in Annandale, MN is $396,000, with a year-over-year change of 4.3%. This indicates that home prices in Annandale, 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 | $396,000 | 4.3% |
| Single Family | $397,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $358,000 | 6.2% |
3 Bed | $413,000 | 4.6% |
4 Bed | $452,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Annandale, MN
As of July '25, Rentcast reports the average rent in Annandale, MN is $1,890, with a year-over-year rent change of 143.9%. Per bedroom, the median rent as of July '25 in Annandale, MN is 1-bedrooms: $1,380, 3-bedrooms: $2,400. The most common rental property sizes in Annandale, MN are 2-bedroom and 1-bedroom, accounting for 38.2% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Annandale, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Annandale, MN is 34. This is a decrease of -52.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $393,000 | 0.0% |
Listing Count | 69 | 35.0% |
| Listings as % of Homes | 0.4% | 35.0% |
Days on Market | 34 | -52.0% |
Demographics — Annandale, MN
As of the latest ACS Survey released in 2023, Annandale, MN has a population of 7,350, which has increased by 3.6% over the past 5 years. Annandale, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 30.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,350 | 3.6% |
% Under 18 | 24.6% | 12.3% |
% Seniors | 24.9% | 23.9% |
% WFH | 7.1% | 77.5% |
% w/ College Degree | 30.4% | 25.1% |
As of the latest ACS Survey released in 2023, Annandale, MN is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Annandale, MN is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.7% of the population in Annandale, MN, and this percentage has decreased by 82.9% 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 | 93.7% | -0.5% |
% Black | 0.4% | -33.3% |
% Hispanic | 0.8% | -83.0% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 0.7% | -82.9% |
Mortgage and Risk — Annandale, MN
According to HUD data as of 2023, there were 220 mortgage originations in Annandale, MN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Annandale, MN. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Annandale, MN
Annandale, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,380 | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | -$430 | $2,400 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Annandale, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $396,000 |
| Median Household Income | $78,200 |