Hoyt Lakes, MN—55750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hoyt Lakes, MN
As of Oct '25, the median home price in Hoyt Lakes, MN is $122,000, with a year-over-year change of 2.6%. This indicates that home prices in Hoyt Lakes, MN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $122,000 | 2.7% |
| Single Family | $122,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 6.0% |
3 Bed | $122,000 | 1.7% |
4 Bed | $137,000 | 7.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hoyt Lakes, MN
Hoyt Lakes, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 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 — Hoyt Lakes, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hoyt Lakes, MN is 43. This is a increase of 67.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $155,000 | 3.0% |
Listing Count | 12 | -13.0% |
| Listings as % of Homes | 0.9% | -13.0% |
Days on Market | 43 | 67.0% |
Demographics — Hoyt Lakes, MN
As of the latest ACS Survey released in 2023, Hoyt Lakes, MN has a population of 2,080, which has remained stable by -0.4% over the past 5 years. Hoyt Lakes, MN is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | -0.4% |
% Under 18 | 22.5% | 35.5% |
% Seniors | 21.8% | -14.8% |
% WFH | 20.2% | 339.1% |
% w/ College Degree | 18.4% | 85.9% |
As of the latest ACS Survey released in 2023, Hoyt Lakes, MN is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 10.7% in the last 5 years. The second most common race or ethnicity in Hoyt Lakes, MN is hispanic, making up 6.6% of the population. Foreign-born residents account for 0.4% of the population in Hoyt Lakes, MN, and this percentage has decreased by 63.6% 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 | 88.3% | -10.7% |
% Black | 0.0% | N/A |
% Hispanic | 6.6% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -63.6% |
Mortgage and Risk — Hoyt Lakes, MN
According to HUD data as of 2023, there were 44 mortgage originations in Hoyt Lakes, MN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Hoyt Lakes, MN. Investor activity is low, as 5.0% 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 | 44 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 5.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Hoyt Lakes, MN
Hoyt Lakes, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $650 | $900 |
| 2 Bedroom | N/A | N/A | $1,150 |
| 3 Bedroom | N/A | N/A | $1,550 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Hoyt Lakes, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $122,000 |
| Median Household Income | $64,700 |