Austin, MN—55912
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Austin, MN
As of Oct '25, the median home price in Austin, MN is $186,000, with a year-over-year change of 4.9%. This indicates that home prices in Austin, MN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 4.9% |
| Single Family | $186,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $82,000 | 2.5% |
2 Bed | $149,000 | 5.7% |
3 Bed | $192,000 | 6.1% |
4 Bed | $266,000 | 6.0% |
| 5 Bed | $355,000 | 5.7% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Austin, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Austin, MN is 47. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $229,000 | 8.0% |
Listing Count | 116 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 47 | -1.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 2.2% |
% Under 18 | 26.6% | 5.6% |
% Seniors | 18.0% | 1.7% |
% WFH | 4.9% | 96.0% |
% w/ College Degree | 23.7% | 3.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $186,000 |
| Median Household Income | $68,200 |