Carlton, MN—55718
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carlton, MN
As of Oct '25, the median home price in Carlton, MN is $326,000, with a year-over-year change of 4.2%. This indicates that home prices in Carlton, MN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 4.2% |
| Single Family | $326,000 | 3.8% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Carlton, MN
Carlton, 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 — Carlton, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Carlton, MN is 59. This is a increase of 20.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -22.0% |
Listing Count | 14 | 22.0% |
| Listings as % of Homes | 0.2% | 22.0% |
Days on Market | 59 | 20.0% |
Demographics — Carlton, MN
As of the latest ACS Survey released in 2023, Carlton, MN has a population of 3,070, which has decreased by -6.1% over the past 5 years. Carlton, MN is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,070 | -6.1% |
% Under 18 | 21.7% | -0.5% |
% Seniors | 18.4% | -16.0% |
% WFH | 10.9% | 202.8% |
% w/ College Degree | 27.7% | 26.5% |
As of the latest ACS Survey released in 2023, Carlton, MN is a predominantly white area, with 92.6% 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 Carlton, MN is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.8% of the population in Carlton, MN, and this percentage has decreased by 52.9% 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 | 92.6% | -1.3% |
% Black | 0.8% | -52.9% |
% Hispanic | 1.2% | -7.7% |
% Asian | 0.2% | -84.6% |
% Foreign Born | 0.8% | -52.9% |
Mortgage and Risk — Carlton, MN
According to HUD data as of 2023, there were 110 mortgage originations in Carlton, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Carlton, MN. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 110 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Carlton, MN
Carlton, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Carlton, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $326,000 |
| Median Household Income | $98,400 |