Mazeppa, MN—55956
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mazeppa, MN
As of Oct '25, the median home price in Mazeppa, MN is $361,000, with a year-over-year change of 5.7%. This indicates that home prices in Mazeppa, 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 | $361,000 | 5.7% |
| Single Family | $361,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | 5.6% |
3 Bed | $350,000 | 5.4% |
4 Bed | $429,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mazeppa, MN
As of July '25, Rentcast reports the average rent in Mazeppa, MN is $800, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Mazeppa, MN is 1-bedrooms: $800. The most common rental property sizes in Mazeppa, MN are 3-bedroom and 2-bedroom, accounting for 30.9% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 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 — Mazeppa, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mazeppa, MN is 86. This is a increase of 83.0% 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 | $662,000 | 51.0% |
Listing Count | 5 | -41.0% |
| Listings as % of Homes | 0.4% | -41.0% |
Days on Market | 86 | 83.0% |
Demographics — Mazeppa, MN
As of the latest ACS Survey released in 2023, Mazeppa, MN has a population of 2,050, which has remained stable by -0.0% over the past 5 years. Mazeppa, MN is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,050 | 0.0% |
% Under 18 | 23.3% | 9.4% |
% Seniors | 19.1% | 29.9% |
% WFH | 13.0% | 73.3% |
% w/ College Degree | 27.1% | 5.9% |
As of the latest ACS Survey released in 2023, Mazeppa, MN is a predominantly white area, with 96.1% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Mazeppa, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 2.2% of the population in Mazeppa, MN, and this percentage has increased by 15.8% 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 | 96.1% | 0.1% |
% Black | 0.5% | 150.0% |
% Hispanic | 2.4% | 60.0% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 2.2% | 15.8% |
Mortgage and Risk — Mazeppa, MN
According to HUD data as of 2023, there were 68 mortgage originations in Mazeppa, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Mazeppa, MN. Investor activity is low, as 4.0% 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 | 68 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mazeppa, MN
Mazeppa, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $800 | $1,040 |
| 2 Bedroom | N/A | N/A | $1,160 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | N/A | N/A | $1,940 |
Affordability — Mazeppa, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $361,000 |
| Median Household Income | $94,800 |