Cologne, MN—55322
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cologne, MN
As of Oct '25, the median home price in Cologne, MN is $446,000, with a year-over-year change of 1.8%. This indicates that home prices in Cologne, 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 | $446,000 | 1.8% |
| Single Family | $446,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $352,000 | 2.0% |
3 Bed | $426,000 | 1.4% |
4 Bed | $474,000 | 1.5% |
| 5 Bed | $523,000 | 1.2% |
% of Housing Stock
Rental Trends — Cologne, MN
As of July '25, Rentcast reports the average rent in Cologne, MN is $1,700, with a year-over-year rent change of -13.7%. Per bedroom, the median rent as of July '25 in Cologne, MN is 1-bedrooms: $995, 4-bedrooms: $2,400. The most common rental property sizes in Cologne, MN are 3-bedroom and 1-bedroom, accounting for 54.4% and 22.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Cologne, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cologne, MN is 279. This is a increase of 17.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | 7.0% |
Listing Count | 22 | -28.0% |
| Listings as % of Homes | 2.1% | -28.0% |
Days on Market | 279 | 17.0% |
Demographics — Cologne, MN
As of the latest ACS Survey released in 2023, Cologne, MN has a population of 3,550, which has increased by 1.2% over the past 5 years. Cologne, MN is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,550 | 1.2% |
% Under 18 | 23.6% | -15.1% |
% Seniors | 14.3% | 14.4% |
% WFH | 25.1% | 206.1% |
% w/ College Degree | 37.6% | 34.8% |
As of the latest ACS Survey released in 2023, Cologne, MN is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Cologne, MN is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.1% of the population in Cologne, MN, and this percentage has decreased by 40.0% 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 | 86.6% | -4.9% |
% Black | 2.8% | -45.1% |
% Hispanic | 3.6% | 50.0% |
% Asian | 1.3% | 333.3% |
% Foreign Born | 2.1% | -40.0% |
Mortgage and Risk — Cologne, MN
According to HUD data as of 2023, there were 92 mortgage originations in Cologne, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cologne, MN. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 92 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Cologne, MN
Cologne, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $315 | $995 | $1,310 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | N/A | N/A | $2,130 |
| 4 Bedroom | -$10 | $2,400 | $2,390 |
Affordability — Cologne, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $446,000 |
| Median Household Income | $112,000 |