Delano, MN—55328
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delano, MN
As of Oct '25, the median home price in Delano, MN is $437,000, with a year-over-year change of 1.9%. This indicates that home prices in Delano, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $437,000 | 1.9% |
| Single Family | $438,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | 3.4% |
3 Bed | $391,000 | 2.9% |
4 Bed | $472,000 | 1.1% |
| 5 Bed | $523,000 | 0.2% |
% of Housing Stock
Rental Trends — Delano, MN
As of July '25, Rentcast reports the average rent in Delano, MN is $1,810, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Delano, MN is 1-bedrooms: $902, 3-bedrooms: $1,700, 4-bedrooms: $2,770. The most common rental property sizes in Delano, MN are 2-bedroom and 1-bedroom, accounting for 32.0% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,810 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $902 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,750 | $2,770 |
% of Rental Stock
Property Listings — Delano, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Delano, MN is 45. This is a increase of 7.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 2.0% |
Listing Count | 87 | 27.0% |
| Listings as % of Homes | 1.4% | 27.0% |
Days on Market | 45 | 7.0% |
Demographics — Delano, MN
As of the latest ACS Survey released in 2023, Delano, MN has a population of 9,930, which has increased by 5.7% over the past 5 years. Delano, MN is a popular place for families, as children make up 30.2% of the population. The area has a moderately educated workforce, with 42.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,930 | 5.7% |
% Under 18 | 30.2% | 3.1% |
% Seniors | 14.9% | 7.2% |
% WFH | 14.1% | 104.3% |
% w/ College Degree | 42.2% | 7.4% |
As of the latest ACS Survey released in 2023, Delano, MN is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Delano, MN is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Delano, MN, and this percentage has decreased by 47.1% 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 | 95.2% | 2.0% |
% Black | 0.2% | ∞% |
% Hispanic | 1.5% | -50.0% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.9% | -47.1% |
Mortgage and Risk — Delano, MN
According to HUD data as of 2023, there were 284 mortgage originations in Delano, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Delano, MN. Investor activity is low, as 1.0% 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 | 284 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Delano, MN
Delano, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 63 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $325 | $875 | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | $270 | $1,700 | $1,970 |
| 4 Bedroom | -$510 | $2,750 | $2,240 |
Affordability — Delano, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $437,000 |
| Median Household Income | $118,000 |