Champlin, MN—55316
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Champlin, MN
As of Oct '25, the median home price in Champlin, MN is $365,000, with a year-over-year change of 3.6%. This indicates that home prices in Champlin, MN are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 3.6% |
| Single Family | $368,000 | 3.4% |
| Condos | $267,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $319,000 | 6.0% |
3 Bed | $359,000 | 3.8% |
4 Bed | $419,000 | 2.4% |
| 5 Bed | $560,000 | 0.7% |
% of Housing Stock
Rental Trends — Champlin, MN
As of July '25, Rentcast reports the average rent in Champlin, MN is $2,070, with a year-over-year rent change of 14.4%. Per bedroom, the median rent as of July '25 in Champlin, MN is studios: $1,480, 1-bedrooms: $1,370, 2-bedrooms: $1,830, 3-bedrooms: $2,340, 4-bedrooms: $2,590. The most common rental property sizes in Champlin, MN are 2-bedroom and 3-bedroom, accounting for 36.8% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,070 |
| Studio Rent | $1,480 | $1,480 |
| 1 Bed Rent | $1,370 | $1,370 |
| 2 Bed Rent | $1,460 | $1,830 |
| 3 Bed Rent | $2,250 | $2,340 |
| 4 Bed Rent | $2,620 | $2,590 |
% of Rental Stock
Property Listings — Champlin, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Champlin, MN is 29. This is a increase of 4.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 0.0% |
Listing Count | 72 | 18.0% |
| Listings as % of Homes | 0.4% | 18.0% |
Days on Market | 29 | 4.0% |
Demographics — Champlin, MN
As of the latest ACS Survey released in 2023, Champlin, MN has a population of 23,400, which has decreased by -4.2% over the past 5 years. Champlin, MN is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | -4.2% |
% Under 18 | 23.4% | -11.4% |
% Seniors | 14.9% | 50.5% |
% WFH | 15.6% | 205.9% |
% w/ College Degree | 36.6% | -6.4% |
As of the latest ACS Survey released in 2023, Champlin, MN is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Champlin, MN is black, making up 10.7% of the population. Foreign-born residents account for 11.0% of the population in Champlin, MN, and this percentage has increased by 37.5% 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 | 77.9% | -6.9% |
% Black | 10.7% | 25.9% |
% Hispanic | 2.3% | -11.5% |
% Asian | 4.5% | 66.7% |
% Foreign Born | 11.0% | 37.5% |
Mortgage and Risk — Champlin, MN
According to HUD data as of 2023, there were 498 mortgage originations in Champlin, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Champlin, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 498 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Champlin, MN
As of 2024, the percent of homes in Champlin, MN under the Section 8 program is 10.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Champlin, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 120 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | 10.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,370 | $1,540 |
| 2 Bedroom | $420 | $1,460 | $1,880 |
| 3 Bedroom | $250 | $2,250 | $2,500 |
| 4 Bedroom | $180 | $2,620 | $2,800 |
Affordability — Champlin, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $365,000 |
| Median Household Income | $116,000 |