Wright, MN—55798
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wright, MN
As of Oct '25, the median home price in Wright, MN is $229,000, with a year-over-year change of 5.6%. This indicates that home prices in Wright, MN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 5.6% |
| Single Family | $229,000 | 6.0% |
| 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 — Wright, MN
Wright, 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 — Wright, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wright, MN is 63. This is a increase of 20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 60.0% |
Listing Count | 5 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 63 | 20.0% |
Demographics — Wright, MN
As of the latest ACS Survey released in 2023, Wright, MN has a population of 611, which has decreased by -3.5% over the past 5 years. Wright, MN is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 611 | -3.5% |
% Under 18 | 25.5% | 14.3% |
% Seniors | 27.5% | 27.3% |
% WFH | 11.7% | 515.8% |
% w/ College Degree | 20.7% | 41.8% |
As of the latest ACS Survey released in 2023, Wright, MN is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Wright, MN is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.7% of the population in Wright, MN, and this percentage has decreased by 22.2% 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 | 93.8% | -1.4% |
% Black | 0.2% | -88.2% |
% Hispanic | 1.3% | -7.1% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.7% | -22.2% |
Mortgage and Risk — Wright, MN
Wright, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Wright, MN
Wright, 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 | $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 — Wright, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $229,000 |
| Median Household Income | $78,900 |