La Crescent, MN—55947
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Crescent, MN
As of Oct '25, the median home price in La Crescent, MN is $352,000, with a year-over-year change of 5.8%. This indicates that home prices in La Crescent, MN are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 5.8% |
| Single Family | $353,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 6.2% |
3 Bed | $333,000 | 6.4% |
4 Bed | $425,000 | 3.9% |
| 5 Bed | $491,000 | 3.6% |
% of Housing Stock
Rental Trends — La Crescent, MN
As of July '25, Rentcast reports the average rent in La Crescent, MN is $1,080, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in La Crescent, MN is 2-bedrooms: $1,000, 3-bedrooms: $1,300. The most common rental property sizes in La Crescent, MN are 2-bedroom and 1-bedroom, accounting for 60.9% and 17.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $995 | $1,000 |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — La Crescent, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in La Crescent, MN is 41. This is a decrease of -35.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | -20.0% |
Listing Count | 16 | -2.0% |
| Listings as % of Homes | 0.5% | -2.0% |
Days on Market | 41 | -35.0% |
Demographics — La Crescent, MN
As of the latest ACS Survey released in 2023, La Crescent, MN has a population of 7,320, which has decreased by -2.4% over the past 5 years. La Crescent, MN is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,320 | -2.4% |
% Under 18 | 18.0% | -17.1% |
% Seniors | 24.6% | 31.6% |
% WFH | 11.6% | 107.1% |
% w/ College Degree | 37.5% | 14.7% |
As of the latest ACS Survey released in 2023, La Crescent, MN is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in La Crescent, MN is asian, making up 2.4% of the population. Foreign-born residents account for 3.6% of the population in La Crescent, MN, and this percentage has increased by 100.0% 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 | 91.1% | -3.4% |
% Black | 0.2% | -75.0% |
% Hispanic | 1.8% | -10.0% |
% Asian | 2.4% | 84.6% |
% Foreign Born | 3.6% | 100.0% |
Mortgage and Risk — La Crescent, MN
According to HUD data as of 2023, there were 145 mortgage originations in La Crescent, MN, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in La Crescent, MN. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 145 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — La Crescent, MN
La Crescent, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 82.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | $165 | $995 | $1,160 |
| 3 Bedroom | $230 | $1,300 | $1,530 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — La Crescent, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $352,000 |
| Median Household Income | $85,500 |