Greenfield, MN—55357
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenfield, MN
As of Oct '25, the median home price in Greenfield, MN is $513,000, with a year-over-year change of 4.7%. This indicates that home prices in Greenfield, 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 | $513,000 | 4.7% |
| Single Family | $576,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $384,000 | 5.8% |
3 Bed | $525,000 | 4.8% |
4 Bed | $676,000 | 4.5% |
| 5 Bed | $832,000 | 3.4% |
% of Housing Stock
Rental Trends — Greenfield, MN
Greenfield, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Greenfield, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenfield, MN is 37. This is a decrease of -25.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $950,000 | 11.0% |
Listing Count | 16 | 22.0% |
| Listings as % of Homes | 0.6% | 22.0% |
Days on Market | 37 | -25.0% |
Demographics — Greenfield, MN
As of the latest ACS Survey released in 2023, Greenfield, MN has a population of 3,700, which has increased by 14.7% over the past 5 years. Greenfield, MN is a popular place for families, as children make up 26.7% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,700 | 14.7% |
% Under 18 | 26.7% | -1.1% |
% Seniors | 13.9% | -2.1% |
% WFH | 16.6% | 121.3% |
% w/ College Degree | 50.1% | 33.6% |
As of the latest ACS Survey released in 2023, Greenfield, MN is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Greenfield, MN is hispanic, making up 2.5% of the population. Foreign-born residents account for 2.5% of the population in Greenfield, MN, and this percentage has increased by 108.3% 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 | 92.7% | -5.3% |
% Black | 1.5% | 650.0% |
% Hispanic | 2.5% | 257.1% |
% Asian | 0.5% | -28.6% |
% Foreign Born | 2.5% | 108.3% |
Mortgage and Risk — Greenfield, MN
According to HUD data as of 2023, there were 76 mortgage originations in Greenfield, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Greenfield, MN. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Greenfield, MN
Greenfield, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Greenfield, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $513,000 |
| Median Household Income | $147,000 |