Plymouth, MN—55441
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plymouth, MN
As of Oct '25, the median home price in Plymouth, MN is $445,000, with a year-over-year change of 2.6%. This indicates that home prices in Plymouth, MN are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $445,000 | 2.6% |
| Single Family | $467,000 | 2.4% |
| Condos | $187,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | 1.0% |
3 Bed | $431,000 | 2.9% |
4 Bed | $546,000 | 2.1% |
| 5 Bed | $657,000 | 0.9% |
% of Housing Stock
Rental Trends — Plymouth, MN
As of July '25, Rentcast reports the average rent in Plymouth, MN is $1,920, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Plymouth, MN is studios: $1,200, 1-bedrooms: $1,440, 2-bedrooms: $1,940, 3-bedrooms: $2,400, 4-bedrooms: $2,660. The most common rental property sizes in Plymouth, MN are 2-bedroom and 1-bedroom, accounting for 43.4% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,670 | $1,920 |
| Studio Rent | $1,300 | $1,200 |
| 1 Bed Rent | $1,380 | $1,440 |
| 2 Bed Rent | $1,450 | $1,940 |
| 3 Bed Rent | $2,200 | $2,400 |
| 4 Bed Rent | $2,700 | $2,660 |
% of Rental Stock
Property Listings — Plymouth, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plymouth, MN is 34. This is a decrease of -11.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -6.0% |
Listing Count | 43 | -10.0% |
| Listings as % of Homes | 0.2% | -10.0% |
Days on Market | 34 | -11.0% |
Demographics — Plymouth, MN
As of the latest ACS Survey released in 2023, Plymouth, MN has a population of 18,200, which has decreased by -1.9% over the past 5 years. Plymouth, MN is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 56.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | -1.9% |
% Under 18 | 20.6% | 9.6% |
% Seniors | 19.5% | 25.8% |
% WFH | 18.2% | 171.6% |
% w/ College Degree | 56.2% | 3.3% |
As of the latest ACS Survey released in 2023, Plymouth, MN is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Plymouth, MN is black, making up 9.6% of the population. Foreign-born residents account for 13.3% of the population in Plymouth, MN, and this percentage has decreased by 10.1% 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 | 71.3% | -8.5% |
% Black | 9.6% | 28.0% |
% Hispanic | 7.3% | 21.7% |
% Asian | 3.8% | -35.6% |
% Foreign Born | 13.3% | -10.1% |
Mortgage and Risk — Plymouth, MN
According to HUD data as of 2023, there were 266 mortgage originations in Plymouth, MN, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Plymouth, MN. Investor activity is low, as 3.0% 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 | 266 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Plymouth, MN
As of 2024, the percent of homes in Plymouth, MN under the Section 8 program is 5.2%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Plymouth, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 221 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,380 | $1,480 |
| 2 Bedroom | $360 | $1,450 | $1,810 |
| 3 Bedroom | $210 | $2,200 | $2,410 |
| 4 Bedroom | $0 | $2,700 | $2,700 |
Affordability — Plymouth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $445,000 |
| Median Household Income | $100,000 |