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Austin, MN—55912

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$184,000
5.2% YoY Growth
Household Income
$68,200
39.2% YoY Growth
Days on Market
49
23.0% Shorter YoY
Home Price Forecast
3.4%
Median Rent
$975
17.7% YoY Growth
1-Bed Rent
$825
17.2% YoY Growth
2-Bed Rent
$1,020
11.9% YoY Growth
3-Bed Rent
$1,300
19.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Austin, MN

As of Dec '25, the median home price in Austin, MN is $184,000, with a year-over-year change of 5.2%. This indicates that home prices in Austin, MN are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$184,0005.2%
Single Family $184,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $82,000
    2.5%
    2 Bed
    		$147,0005.8%
    3 Bed
    		$190,0006.1%
    4 Bed
    		$263,0006.5%
    5 Bed $351,7415.8%
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    11.0%
    2 Bedrooms
    26.5%
    3 Bedrooms
    36.3%
    4 Bedrooms
    19.0%
    5+ Bedrooms
    5.1%

    Rental Trends — Austin, MN

    As of July '25, Rentcast reports the average rent in Austin, MN is $1,070, with a year-over-year rent change of 17.7%. Per bedroom, the median rent as of July '25 in Austin, MN is studios: $846, 1-bedrooms: $806, 2-bedrooms: $1,060, 3-bedrooms: $1,420, 4-bedrooms: $1,880. The most common rental property sizes in Austin, MN are 2-bedroom and 1-bedroom, accounting for 38.8% and 31.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$975$1,070
    Studio Rent $650$846
    1 Bed Rent $825$806
    2 Bed Rent $1,020$1,060
    3 Bed Rent $1,300$1,420
    4 Bed Rent $1,600$1,880
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    31.4%
    2 Bedrooms
    38.8%
    3 Bedrooms
    16.5%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    2.7%

    Property Listings — Austin, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Austin, MN is 51. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$215,00011.0%
    Listing Count
    		988.0%
    Listings as % of Homes0.5%8.0%
    Days on Market
    		49-23.0%
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    Demographics — Austin, MN

    As of the latest ACS Survey released in 2023, Austin, MN has a population of 29,400, which has increased by 2.2% over the past 5 years. Austin, MN is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		29,4002.2%
    % Under 18
    		26.6%5.6%
    % Seniors
    		18.0%1.7%
    % WFH
    		4.9%96.0%
    % w/ College Degree
    		23.7%3.9%
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    As of the latest ACS Survey released in 2023, Austin, MN is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Austin, MN is hispanic, making up 16.4% of the population. Foreign-born residents account for 15.5% of the population in Austin, MN, and this percentage has increased by 17.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		67.0%-9.2%
    % Black
    		4.8%0.0%
    % Hispanic
    		16.4%10.8%
    % Asian
    		7.5%82.9%
    % Foreign Born
    		15.5%17.4%
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    Mortgage and Risk — Austin, MN

    According to HUD data as of 2023, there were 463 mortgage originations in Austin, MN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Austin, MN. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		463
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Austin, MN

    Austin, MN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		687
    Total Units Section 8
    		302
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		88.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$25$825$800
    2 Bedroom$30$1,020$1,050
    3 Bedroom$30$1,300$1,330
    4 Bedroom-$200$1,600$1,400

    Affordability — Austin, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$184,000
    Median Household Income$68,200

    Austin, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Lansing

    55950

    Brownsdale, MN

    55918

    Lyle, MN

    55953

    Waltham, MN

    55982

    Rose Creek, MN

    55970

    Frequently Asked Questions