Nashwauk, MN—55769
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nashwauk, MN
Nashwauk, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 3.1% |
| Single Family | $186,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 2.4% |
3 Bed | $224,000 | 4.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nashwauk, MN
Nashwauk, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| 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 | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Nashwauk, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Nashwauk, MN is 80. This is a increase of 42.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | -16.0% |
Listing Count | 19 | 34.0% |
| Listings as % of Homes | 0.6% | 34.0% |
Days on Market | 80 | 42.0% |
Demographics — Nashwauk, MN
As of the latest ACS Survey released in 2023, Nashwauk, MN has a population of 2,520, which has increased by 7.7% over the past 5 years. Nashwauk, MN is a moderately popular place for families, as children make up 18.6% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,520 | 7.7% |
% Under 18 | 18.6% | -1.6% |
% Seniors | 21.8% | 14.1% |
% WFH | 6.9% | 50.0% |
% w/ College Degree | 21.9% | 64.7% |
As of the latest ACS Survey released in 2023, Nashwauk, MN is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Nashwauk, MN is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Nashwauk, MN, and this percentage has decreased by 62.1% 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 | 87.5% | -7.0% |
% Black | 0.6% | -40.0% |
% Hispanic | 2.3% | 64.3% |
% Asian | 0.6% | -25.0% |
% Foreign Born | 1.1% | -62.1% |
Mortgage and Risk — Nashwauk, MN
According to HUD data as of 2023, there were 43 mortgage originations in Nashwauk, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Nashwauk, MN. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 0.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Nashwauk, MN
Nashwauk, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 36.4% |
% Occupied Section 8 | 84.0% |
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 | $1,350 |
| 4 Bedroom | -$790 | $2,500 | $1,710 |
Affordability — Nashwauk, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $187,000 |
| Median Household Income | $66,100 |