Plato, MN—55370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plato, MN
As of Oct '25, the median home price in Plato, MN is $354,000, with a year-over-year change of 6.4%. This indicates that home prices in Plato, MN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 6.4% |
| Single Family | $354,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $306,000 | 7.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Plato, MN
Plato, 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 — Plato, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plato, MN is 41. This is a increase of 14.0% 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 200.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | 85.0% |
Listing Count | 1 | -57.0% |
| Listings as % of Homes | N/A | -57.0% |
Days on Market | 41 | 14.0% |
Demographics — Plato, MN
As of the latest ACS Survey released in 2023, Plato, MN has a population of 627, which has decreased by -13.2% over the past 5 years. Plato, MN is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 627 | -13.2% |
% Under 18 | 20.6% | 7.9% |
% Seniors | 13.1% | -42.3% |
% WFH | 6.8% | -2.9% |
% w/ College Degree | 15.5% | -7.2% |
As of the latest ACS Survey released in 2023, Plato, MN is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Plato, MN is hispanic, making up 14.8% of the population. Foreign-born residents account for 1.3% of the population in Plato, MN, and this percentage has increased by 30.0% 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 | 83.4% | -16.3% |
% Black | 3.5% | ∞% |
% Hispanic | 14.8% | ∞% |
% Asian | 1.6% | 433.3% |
% Foreign Born | 1.3% | 30.0% |
Mortgage and Risk — Plato, MN
Plato, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Plato, MN
Plato, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Plato, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $354,000 |
| Median Household Income | $117,000 |