Caledonia, MN—55921
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Caledonia, MN
As of Oct '25, the median home price in Caledonia, MN is $279,000, with a year-over-year change of 8.5%. This indicates that home prices in Caledonia, MN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 8.5% |
| Single Family | $280,000 | 8.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 8.9% |
3 Bed | $259,000 | 7.9% |
4 Bed | $330,000 | 8.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Caledonia, MN
Caledonia, 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 — Caledonia, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Caledonia, MN is 36. This is a increase of 58.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | 22.0% |
Listing Count | 24 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 36 | 58.0% |
Demographics — Caledonia, MN
As of the latest ACS Survey released in 2023, Caledonia, MN has a population of 4,790, which has increased by 2.4% over the past 5 years. Caledonia, MN is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,790 | 2.4% |
% Under 18 | 21.9% | -1.4% |
% Seniors | 20.1% | 2.6% |
% WFH | 11.1% | 56.3% |
% w/ College Degree | 20.9% | 9.4% |
As of the latest ACS Survey released in 2023, Caledonia, MN is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Caledonia, MN is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.5% of the population in Caledonia, MN, and this percentage has decreased by 16.7% 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 | 97.1% | 0.5% |
% Black | 0.3% | -86.4% |
% Hispanic | 0.7% | 40.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -16.7% |
Mortgage and Risk — Caledonia, MN
According to HUD data as of 2023, there were 68 mortgage originations in Caledonia, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Caledonia, MN. Investor activity is low, as 1.0% 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 | 68 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Caledonia, MN
Caledonia, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,720 |
Affordability — Caledonia, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $279,000 |
| Median Household Income | $76,700 |