Kimball, MN—55353
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kimball, MN
As of Oct '25, the median home price in Kimball, MN is $354,000, with a year-over-year change of 3.0%. This indicates that home prices in Kimball, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 3.0% |
| Single Family | $355,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 3.6% |
3 Bed | $383,000 | 3.0% |
4 Bed | $419,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kimball, MN
Kimball, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kimball, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kimball, MN is 42. This is a increase of 40.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -10.0% |
Listing Count | 21 | 79.0% |
| Listings as % of Homes | 0.7% | 79.0% |
Days on Market | 42 | 40.0% |
Demographics — Kimball, MN
As of the latest ACS Survey released in 2023, Kimball, MN has a population of 3,270, which has decreased by -7.5% over the past 5 years. Kimball, MN is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,270 | -7.5% |
% Under 18 | 26.1% | 12.5% |
% Seniors | 14.7% | 5.0% |
% WFH | 12.7% | 111.7% |
% w/ College Degree | 19.1% | -6.4% |
As of the latest ACS Survey released in 2023, Kimball, MN is a predominantly white area, with 97.1% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Kimball, MN is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.5% of the population in Kimball, MN, and this percentage has decreased by 58.3% 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 | 97.1% | -0.1% |
% Black | 0.3% | 0.0% |
% Hispanic | 0.7% | 16.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -58.3% |
Mortgage and Risk — Kimball, MN
According to HUD data as of 2023, there were 72 mortgage originations in Kimball, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Kimball, MN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Kimball, MN
Kimball, 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 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | -$1,120 | $2,500 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Kimball, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $354,000 |
| Median Household Income | $88,000 |