Hutchinson, MN—55350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hutchinson, MN
As of Oct '25, the median home price in Hutchinson, MN is $292,000, with a year-over-year change of 4.5%. This indicates that home prices in Hutchinson, MN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $292,000 | 4.5% |
| Single Family | $294,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $177,000 | 6.0% |
2 Bed | $249,000 | 4.2% |
3 Bed | $277,000 | 4.1% |
4 Bed | $323,000 | 4.2% |
| 5 Bed | $390,000 | 4.0% |
% of Housing Stock
Rental Trends — Hutchinson, MN
As of July '25, Rentcast reports the average rent in Hutchinson, MN is $1,240, with a year-over-year rent change of 9.7%. Per bedroom, the median rent as of July '25 in Hutchinson, MN is 1-bedrooms: $883, 2-bedrooms: $1,270, 3-bedrooms: $1,620. The most common rental property sizes in Hutchinson, MN are 2-bedroom and 1-bedroom, accounting for 66.9% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $883 |
| 2 Bed Rent | $1,290 | $1,270 |
| 3 Bed Rent | $1,500 | $1,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hutchinson, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hutchinson, MN is 35. This is a decrease of -15.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | -5.0% |
Listing Count | 77 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 35 | -15.0% |
Demographics — Hutchinson, MN
As of the latest ACS Survey released in 2023, Hutchinson, MN has a population of 18,600, which has increased by 3.9% over the past 5 years. Hutchinson, MN is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 3.9% |
% Under 18 | 22.3% | 8.8% |
% Seniors | 21.2% | 13.4% |
% WFH | 8.5% | 269.6% |
% w/ College Degree | 25.7% | 21.2% |
As of the latest ACS Survey released in 2023, Hutchinson, MN is a predominantly white area, with 91.3% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Hutchinson, MN is hispanic, making up 4.4% of the population. Foreign-born residents account for 3.0% of the population in Hutchinson, MN, and this percentage has increased by 25.0% 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 | 91.3% | -2.5% |
% Black | 0.7% | 75.0% |
% Hispanic | 4.4% | 29.4% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 3.0% | 25.0% |
Mortgage and Risk — Hutchinson, MN
According to HUD data as of 2023, there were 303 mortgage originations in Hutchinson, MN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Hutchinson, MN. Investor activity is low, as 5.0% 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 | 303 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hutchinson, MN
Hutchinson, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 335 |
Total Units Section 8 | 334 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $800 | $780 |
| 2 Bedroom | -$330 | $1,290 | $960 |
| 3 Bedroom | -$290 | $1,500 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Hutchinson, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $292,000 |
| Median Household Income | $78,700 |