Virginia, MN—55792
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Virginia, MN
As of Oct '25, the median home price in Virginia, MN is $139,000, with a year-over-year change of 5.7%. This indicates that home prices in Virginia, 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 | $139,000 | 5.7% |
| Single Family | $139,000 | 6.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | 2.4% |
2 Bed | $121,000 | 8.0% |
3 Bed | $155,000 | 6.9% |
4 Bed | $170,000 | 6.9% |
| 5 Bed | $183,000 | 7.6% |
% of Housing Stock
Rental Trends — Virginia, MN
As of July '25, Rentcast reports the average rent in Virginia, MN is $935, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Virginia, MN is studios: $715, 1-bedrooms: $871, 2-bedrooms: $976, 3-bedrooms: $1,220. The most common rental property sizes in Virginia, MN are 2-bedroom and 1-bedroom, accounting for 41.7% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $935 |
| Studio Rent | $715 | $715 |
| 1 Bed Rent | $900 | $871 |
| 2 Bed Rent | $945 | $976 |
| 3 Bed Rent | $1,220 | $1,220 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Virginia, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Virginia, MN is 48. This is a increase of 4.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 4.0% |
Listing Count | 39 | -3.0% |
| Listings as % of Homes | 0.3% | -3.0% |
Days on Market | 48 | 4.0% |
Demographics — Virginia, MN
As of the latest ACS Survey released in 2023, Virginia, MN has a population of 9,850, which has remained stable by 0.4% over the past 5 years. Virginia, MN is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,850 | 0.4% |
% Under 18 | 19.8% | 11.2% |
% Seniors | 25.9% | 27.6% |
% WFH | 5.6% | 51.4% |
% w/ College Degree | 20.3% | -3.3% |
As of the latest ACS Survey released in 2023, Virginia, MN is a predominantly white area, with 89.5% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in Virginia, MN is asian, making up 1.5% of the population. Foreign-born residents account for 2.3% of the population in Virginia, MN, and this percentage has increased by 130.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.5% | 0.0% |
% Black | 1.0% | 233.3% |
% Hispanic | 1.0% | -44.4% |
% Asian | 1.5% | 400.0% |
% Foreign Born | 2.3% | 130.0% |
Mortgage and Risk — Virginia, MN
According to HUD data as of 2023, there were 135 mortgage originations in Virginia, MN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Virginia, MN. Investor activity is low, as 7.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Virginia, MN
Virginia, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 633 |
Total Units Section 8 | 358 |
% Rentals under Section 8 | 19.1% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $900 | $790 |
| 2 Bedroom | $65 | $945 | $1,010 |
| 3 Bedroom | $120 | $1,220 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Virginia, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $139,000 |
| Median Household Income | $50,600 |