Fridley, MN—55432
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fridley, MN
As of Oct '25, the median home price in Fridley, MN is $315,000, with a year-over-year change of 2.5%. This indicates that home prices in Fridley, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 2.5% |
| Single Family | $321,000 | 2.6% |
| Condos | $169,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | -2.9% |
2 Bed | $265,000 | 1.5% |
3 Bed | $318,000 | 2.6% |
4 Bed | $352,000 | 2.0% |
| 5 Bed | $385,000 | 1.9% |
% of Housing Stock
Rental Trends — Fridley, MN
As of July '25, Rentcast reports the average rent in Fridley, MN is $1,440, with a year-over-year rent change of 1.4%. Per bedroom, the median rent as of July '25 in Fridley, MN is studios: $1,400, 1-bedrooms: $1,200, 2-bedrooms: $1,320, 3-bedrooms: $1,800, 4-bedrooms: $2,140. The most common rental property sizes in Fridley, MN are 2-bedroom and 1-bedroom, accounting for 42.2% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,440 |
| Studio Rent | $995 | $1,400 |
| 1 Bed Rent | $1,150 | $1,200 |
| 2 Bed Rent | $1,300 | $1,320 |
| 3 Bed Rent | $1,700 | $1,800 |
| 4 Bed Rent | $2,140 | $2,140 |
% of Rental Stock
Property Listings — Fridley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fridley, MN is 28. This is a decrease of -4.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -4.0% |
Listing Count | 84 | 1.0% |
| Listings as % of Homes | 0.2% | 1.0% |
Days on Market | 28 | -4.0% |
Demographics — Fridley, MN
As of the latest ACS Survey released in 2023, Fridley, MN has a population of 32,900, which has increased by 8.6% over the past 5 years. Fridley, MN is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,900 | 8.6% |
% Under 18 | 23.1% | -1.3% |
% Seniors | 15.2% | -3.2% |
% WFH | 13.9% | 363.3% |
% w/ College Degree | 29.7% | 8.4% |
As of the latest ACS Survey released in 2023, Fridley, MN is a predominantly white area, with 58.2% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Fridley, MN is black, making up 18.0% of the population. Foreign-born residents account for 18.1% of the population in Fridley, MN, and this percentage has increased by 19.1% 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 | 58.2% | -10.6% |
% Black | 18.0% | 20.0% |
% Hispanic | 13.4% | 26.4% |
% Asian | 5.3% | -10.2% |
% Foreign Born | 18.1% | 19.1% |
Mortgage and Risk — Fridley, MN
According to HUD data as of 2023, there were 559 mortgage originations in Fridley, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Fridley, MN. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 559 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Fridley, MN
As of 2024, the percent of homes in Fridley, MN under the Section 8 program is 10.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fridley, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 513 |
Total Units Section 8 | 464 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,150 | $1,280 |
| 2 Bedroom | $260 | $1,300 | $1,560 |
| 3 Bedroom | $380 | $1,700 | $2,080 |
| 4 Bedroom | $190 | $2,140 | $2,330 |
Affordability — Fridley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $315,000 |
| Median Household Income | $78,000 |