Le Roy, MN—55951
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Le Roy, MN
As of Oct '25, the median home price in Le Roy, MN is $207,000, with a year-over-year change of 6.8%. This indicates that home prices in Le Roy, MN are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 6.8% |
| Single Family | $207,000 | 6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $203,000 | 5.7% |
4 Bed | $268,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Le Roy, MN
Le Roy, 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 — Le Roy, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Le Roy, MN is 156. This is a increase of 24.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | 125.0% |
Listing Count | 7 | 40.0% |
| Listings as % of Homes | 0.8% | 40.0% |
Days on Market | 156 | 24.0% |
Demographics — Le Roy, MN
As of the latest ACS Survey released in 2023, Le Roy, MN has a population of 1,350, which has decreased by -15.1% over the past 5 years. Le Roy, MN is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,350 | -15.1% |
% Under 18 | 22.0% | -17.9% |
% Seniors | 24.7% | -5.0% |
% WFH | 7.6% | 72.7% |
% w/ College Degree | 19.6% | 1.0% |
As of the latest ACS Survey released in 2023, Le Roy, MN is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Le Roy, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 3.2% of the population in Le Roy, 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 | 92.9% | 2.3% |
% Black | 0.0% | N/A |
% Hispanic | 2.4% | -11.1% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 3.2% | 100.0% |
Mortgage and Risk — Le Roy, MN
According to HUD data as of 2023, there were 71 mortgage originations in Le Roy, MN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Le Roy, MN. Investor activity is low, as 3.0% 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 | 71 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Le Roy, MN
Le Roy, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Le Roy, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $207,000 |
| Median Household Income | $57,700 |