Peyla, MN—55790
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peyla, MN
As of Oct '25, the median home price in Peyla, MN is $350,000, with a year-over-year change of 2.2%. This indicates that home prices in Peyla, MN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 2.2% |
| Single Family | $351,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $360,000 | 2.0% |
3 Bed | $468,000 | 0.9% |
4 Bed | $520,000 | -0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Peyla, MN
Peyla, 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 — Peyla, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Peyla, MN is 160. This is a increase of 26.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 22.0% |
Listing Count | 42 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 160 | 26.0% |
Demographics — Peyla, MN
As of the latest ACS Survey released in 2023, Peyla, MN has a population of 1,930, which has decreased by -3.5% over the past 5 years. Peyla, MN is a less popular place for families, as children make up 14.7% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,930 | -3.5% |
% Under 18 | 14.7% | 2.1% |
% Seniors | 38.5% | 22.6% |
% WFH | 21.8% | 235.4% |
% w/ College Degree | 33.6% | 25.8% |
As of the latest ACS Survey released in 2023, Peyla, MN is a predominantly white area, with 80.2% of the population identifying as white. The white population has grown by 15.9% in the last 5 years. The second most common race or ethnicity in Peyla, MN is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.6% of the population in Peyla, MN, and this percentage has decreased by 62.5% 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 | 80.2% | 15.9% |
% Black | 0.1% | -91.7% |
% Hispanic | 3.2% | 357.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -62.5% |
Mortgage and Risk — Peyla, MN
According to HUD data as of 2023, there were 85 mortgage originations in Peyla, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Peyla, MN. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 7.0% |
% Second Loans | 31.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Peyla, MN
Peyla, 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 | 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 | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Peyla, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $350,000 |
| Median Household Income | $74,700 |