Cromwell, MN—55726
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cromwell, MN
As of Oct '25, the median home price in Cromwell, MN is $251,000, with a year-over-year change of 3.4%. This indicates that home prices in Cromwell, MN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 3.4% |
| Single Family | $250,000 | 4.2% |
| 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 — Cromwell, MN
Cromwell, 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 — Cromwell, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cromwell, MN is 48. This is a decrease of -62.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 3.0% |
Listing Count | 7 | 82.0% |
| Listings as % of Homes | 0.3% | 82.0% |
Days on Market | 48 | -62.0% |
Demographics — Cromwell, MN
As of the latest ACS Survey released in 2023, Cromwell, MN has a population of 1,060, which has remained stable by 0.3% over the past 5 years. Cromwell, MN is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | 0.3% |
% Under 18 | 25.8% | 34.4% |
% Seniors | 20.5% | -10.9% |
% WFH | 7.5% | 82.9% |
% w/ College Degree | 23.2% | 39.8% |
As of the latest ACS Survey released in 2023, Cromwell, MN is a predominantly white area, with 95.2% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Cromwell, MN is black, making up 1.0% of the population. Foreign-born residents account for 0.0% of the population in Cromwell, MN, and this percentage has decreased by 100.0% 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 | 95.2% | -4.4% |
% Black | 1.0% | ∞% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Cromwell, MN
According to HUD data as of 2023, there were 61 mortgage originations in Cromwell, MN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Cromwell, MN. Investor activity is low, as 2.0% 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 | 61 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cromwell, MN
Cromwell, 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 | $900 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Cromwell, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $251,000 |
| Median Household Income | $76,700 |