Kasson, MN—55944
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kasson, MN
As of Oct '25, the median home price in Kasson, MN is $320,000, with a year-over-year change of 3.6%. This indicates that home prices in Kasson, MN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | 3.7% |
| Single Family | $321,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $304,000 | 4.5% |
3 Bed | $296,000 | 3.5% |
4 Bed | $356,000 | 3.2% |
| 5 Bed | $427,000 | 2.9% |
% of Housing Stock
Rental Trends — Kasson, MN
As of July '25, Rentcast reports the average rent in Kasson, MN is $2,290, with a year-over-year rent change of 39.6%. Per bedroom, the median rent as of July '25 in Kasson, MN is 3-bedrooms: $1,700, 4-bedrooms: $2,440. The most common rental property sizes in Kasson, MN are 2-bedroom and 3-bedroom, accounting for 46.7% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | $2,300 | $2,440 |
% of Rental Stock
Property Listings — Kasson, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kasson, MN is 56. This is a increase of 18.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | 15.0% |
Listing Count | 33 | -4.0% |
| Listings as % of Homes | 1.0% | -4.0% |
Days on Market | 56 | 18.0% |
Demographics — Kasson, MN
As of the latest ACS Survey released in 2023, Kasson, MN has a population of 8,050, which has increased by 10.0% over the past 5 years. Kasson, MN is a popular place for families, as children make up 28.3% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,050 | 10.0% |
% Under 18 | 28.3% | 1.1% |
% Seniors | 14.2% | 9.2% |
% WFH | 8.7% | 50.0% |
% w/ College Degree | 35.8% | 39.3% |
As of the latest ACS Survey released in 2023, Kasson, MN is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Kasson, MN is hispanic, making up 4.5% of the population. Foreign-born residents account for 5.1% of the population in Kasson, MN, and this percentage has increased by 155.0% 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 | 93.4% | -1.9% |
% Black | 0.5% | ∞% |
% Hispanic | 4.5% | 309.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 5.1% | 155.0% |
Mortgage and Risk — Kasson, MN
According to HUD data as of 2023, there were 193 mortgage originations in Kasson, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Kasson, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 193 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Kasson, MN
Kasson, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | -$240 | $1,700 | $1,460 |
| 4 Bedroom | -$540 | $2,300 | $1,760 |
Affordability — Kasson, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $320,000 |
| Median Household Income | $90,700 |