Orono, MN 55356 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Orono, MN—55356

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$764,000

3.4% YoY Growth

Household Income

$171,000

29.6% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

0.2%

Median Rent

$2,650

19.2% YoY Growth

1-Bed Rent

$1,920

N/A

2-Bed Rent

$2,650

N/A

3-Bed Rent

$3,200

0.9% YoY Growth

Home Price Trends — Orono, MN

As of Dec '25, the median home price in Orono, MN is $764,000, with a year-over-year change of 3.4%. This indicates that home prices in Orono, 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	$764,000	3.4%
Single Family	$815,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Orono, MN

As of July '25, Rentcast reports the average rent in Orono, MN is $2,820, with a year-over-year rent change of -19.2%. Per bedroom, the median rent as of July '25 in Orono, MN is 1-bedrooms: $1,720, 2-bedrooms: $2,650, 3-bedrooms: $3,200, 4-bedrooms: $4,380. The most common rental property sizes in Orono, MN are 1-bedroom and 2-bedroom, accounting for 33.2% and 28.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,650	$2,820
Studio Rent	N/A	N/A
1 Bed Rent	$1,920	$1,720
2 Bed Rent	$2,650	$2,650
3 Bed Rent	$3,200	$3,200
4 Bed Rent	$3,650	$4,380

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% of Rental Stock

Studio

12.0%

1 Bedroom

33.2%

2 Bedrooms

28.6%

3 Bedrooms

17.0%

4 Bedrooms

9.2%

Property Listings — Orono, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Orono, MN is 60. This is a decrease of -3.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$762,000	6.0%
Listing Count	26	-29.0%
Listings as % of Homes	0.8%	-29.0%
Days on Market	83	-3.0%

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Demographics — Orono, MN

As of the latest ACS Survey released in 2023, Orono, MN has a population of 5,920, which has increased by 9.1% over the past 5 years. Orono, MN is a popular place for families, as children make up 28.9% of the population. The area has a highly educated workforce, with 64.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,920	9.1%
% Under 18	28.9%	8.2%
% Seniors	15.8%	-6.5%
% WFH	28.5%	231.4%
% w/ College Degree	64.2%	8.1%

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As of the latest ACS Survey released in 2023, Orono, MN is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Orono, MN is asian, making up 3.4% of the population. Foreign-born residents account for 2.3% of the population in Orono, MN, and this percentage has decreased by 34.3% 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	85.1%	-9.5%
% Black	1.2%	-14.3%
% Hispanic	1.6%	45.5%
% Asian	3.4%	70.0%
% Foreign Born	2.3%	-34.3%

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Mortgage and Risk — Orono, MN

According to HUD data as of 2023, there were 144 mortgage originations in Orono, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Orono, MN. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	144
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Orono, MN

As of 2024, the percent of homes in Orono, MN under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Orono, MN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	46
Total Units Section 8	46
% Rentals under Section 8	16.3%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$190	$1,920	$1,730
2 Bedroom	-$540	$2,650	$2,110
3 Bedroom	-$390	$3,200	$2,810
4 Bedroom	-$500	$3,650	$3,150

Orono, MN—55356

Key Metrics at a Glance

Home Price Trends — Orono, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orono, MN

% of Rental Stock

Property Listings — Orono, MN

Demographics — Orono, MN

Race and Ethnicity

Mortgage and Risk — Orono, MN

Mortgages

Rentals and Section 8 — Orono, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Orono, MN

Home Price to Income Ratio

Orono, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland, MN

Spring Park, MN

Corcoran, MN

Shorewood, MN

Plymouth, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$764,000
Median Household Income	$171,000

Orono, MN—55356

Key Metrics at a Glance

Home Price Trends — Orono, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Orono, MN

% of Rental Stock

Property Listings — Orono, MN

Demographics — Orono, MN

Race and Ethnicity

Mortgage and Risk — Orono, MN

Mortgages

Rentals and Section 8 — Orono, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Orono, MN

Home Price to Income Ratio

Orono, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Woodland, MN

Spring Park, MN

Corcoran, MN

Shorewood, MN

Plymouth, MN

Frequently Asked Questions

What is the average home price in Orono, MN 55356?

How have home prices in Orono, MN 55356 changed over the past year?

What is the home price projection for Orono, MN 55356?

What are the demographics of Orono, MN 55356?

How long does it take homes to sell in Orono, MN 55356?

What is the average rent price in Orono, MN 55356?