Oronoco, MN—55960
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oronoco, MN
As of Oct '25, the median home price in Oronoco, MN is $526,000, with a year-over-year change of 3.7%. This indicates that home prices in Oronoco, MN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $526,000 | 3.7% |
| Single Family | $527,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $343,000 | 3.0% |
3 Bed | $462,000 | 3.6% |
4 Bed | $575,000 | 3.4% |
| 5 Bed | $677,000 | 2.3% |
% of Housing Stock
Rental Trends — Oronoco, MN
As of July '25, Rentcast reports the average rent in Oronoco, MN is $1,060, with a year-over-year rent change of 11.6%. Per bedroom, the median rent as of July '25 in Oronoco, MN is 1-bedrooms: $771, 3-bedrooms: $1,340. The most common rental property sizes in Oronoco, MN are 2-bedroom and 3-bedroom, accounting for 50.0% and 47.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $771 | $1,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $771 | $771 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,340 | $1,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Oronoco, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Oronoco, MN is 64. This is a decrease of -27.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | 3.0% |
Listing Count | 13 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 64 | -27.0% |
Demographics — Oronoco, MN
As of the latest ACS Survey released in 2023, Oronoco, MN has a population of 3,450, which has increased by 8.4% over the past 5 years. Oronoco, MN is a popular place for families, as children make up 27.5% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,450 | 8.4% |
% Under 18 | 27.5% | 9.1% |
% Seniors | 15.5% | -2.5% |
% WFH | 15.1% | 135.9% |
% w/ College Degree | 47.2% | 8.5% |
As of the latest ACS Survey released in 2023, Oronoco, MN is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Oronoco, MN is hispanic, making up 6.6% of the population. Foreign-born residents account for 3.1% of the population in Oronoco, MN, and this percentage has decreased by 18.4% 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 | 88.3% | -3.7% |
% Black | 0.9% | 200.0% |
% Hispanic | 6.6% | 407.7% |
% Asian | 1.3% | -76.4% |
% Foreign Born | 3.1% | -18.4% |
Mortgage and Risk — Oronoco, MN
According to HUD data as of 2023, there were 80 mortgage originations in Oronoco, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Oronoco, MN. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Oronoco, MN
Oronoco, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $529 | $771 | $1,300 |
| 2 Bedroom | N/A | N/A | $1,580 |
| 3 Bedroom | $870 | $1,340 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,650 |
Affordability — Oronoco, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $526,000 |
| Median Household Income | $122,000 |