Barnum, MN—55707
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Barnum, MN
As of Oct '25, the median home price in Barnum, MN is $287,000, with a year-over-year change of 5.2%. This indicates that home prices in Barnum, MN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 5.2% |
| Single Family | $287,000 | 5.9% |
| 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 | $319,000 | 2.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Barnum, MN
Barnum, 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 — Barnum, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Barnum, MN is 83. This is a decrease of -2.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $570,000 | 15.0% |
Listing Count | 13 | 15.0% |
| Listings as % of Homes | 0.1% | 15.0% |
Days on Market | 83 | -2.0% |
Demographics — Barnum, MN
As of the latest ACS Survey released in 2023, Barnum, MN has a population of 3,210, which has decreased by -4.4% over the past 5 years. Barnum, MN is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,210 | -4.4% |
% Under 18 | 23.8% | 2.6% |
% Seniors | 20.2% | 18.1% |
% WFH | 9.0% | 36.4% |
% w/ College Degree | 23.1% | 0.9% |
As of the latest ACS Survey released in 2023, Barnum, MN is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Barnum, MN is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.9% of the population in Barnum, MN, and this percentage has increased by 12.5% 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 | 94.9% | -1.7% |
% Black | 0.2% | ∞% |
% Hispanic | 0.9% | -52.6% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 0.9% | 12.5% |
Mortgage and Risk — Barnum, MN
According to HUD data as of 2023, there were 59 mortgage originations in Barnum, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Barnum, MN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 59 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Barnum, MN
Barnum, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | N/A | N/A | $1,510 |
| 4 Bedroom | N/A | N/A | $1,880 |
Affordability — Barnum, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $287,000 |
| Median Household Income | $81,500 |