Mayer, MN—55360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mayer, MN
As of Oct '25, the median home price in Mayer, MN is $379,000, with a year-over-year change of 1.7%. This indicates that home prices in Mayer, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | 1.7% |
| Single Family | $379,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | 1.2% |
3 Bed | $358,000 | 1.7% |
4 Bed | $398,000 | 1.0% |
| 5 Bed | $420,000 | 0.5% |
% of Housing Stock
Rental Trends — Mayer, MN
Mayer, 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 — Mayer, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mayer, MN is 231. This is a increase of 8.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $428,000 | 3.0% |
Listing Count | 16 | -35.0% |
| Listings as % of Homes | 2.3% | -35.0% |
Days on Market | 231 | 8.0% |
Demographics — Mayer, MN
As of the latest ACS Survey released in 2023, Mayer, MN has a population of 3,330, which has increased by 20.0% over the past 5 years. Mayer, MN is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,330 | 20.0% |
% Under 18 | 27.2% | -1.4% |
% Seniors | 8.8% | -12.0% |
% WFH | 14.0% | 133.3% |
% w/ College Degree | 33.8% | 0.6% |
As of the latest ACS Survey released in 2023, Mayer, MN is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Mayer, MN is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.3% of the population in Mayer, MN, and this percentage has decreased by 51.9% 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 | 92.9% | -1.3% |
% Black | 0.6% | 0.0% |
% Hispanic | 3.1% | 416.7% |
% Asian | 0.7% | -73.1% |
% Foreign Born | 1.3% | -51.9% |
Mortgage and Risk — Mayer, MN
According to HUD data as of 2023, there were 103 mortgage originations in Mayer, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mayer, MN. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mayer, MN
Mayer, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,370 |
| 2 Bedroom | N/A | N/A | $1,670 |
| 3 Bedroom | N/A | N/A | $2,220 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — Mayer, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $379,000 |
| Median Household Income | $118,000 |