Plainview, MN—55964
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainview, MN
As of Oct '25, the median home price in Plainview, MN is $287,000, with a year-over-year change of 3.4%. This indicates that home prices in Plainview, MN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | 3.4% |
| Single Family | $287,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 3.7% |
3 Bed | $269,000 | 2.7% |
4 Bed | $339,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Plainview, MN
Plainview, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| 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 | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Plainview, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainview, MN is 29. This is a decrease of -61.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | -25.0% |
Listing Count | 15 | 45.0% |
| Listings as % of Homes | 0.5% | 45.0% |
Days on Market | 29 | -61.0% |
Demographics — Plainview, MN
As of the latest ACS Survey released in 2023, Plainview, MN has a population of 4,450, which has increased by 1.1% over the past 5 years. Plainview, MN is a popular place for families, as children make up 31.3% 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 few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,450 | 1.1% |
% Under 18 | 31.3% | 21.8% |
% Seniors | 19.3% | 21.4% |
% WFH | 7.4% | 15.6% |
% w/ College Degree | 27.1% | 29.0% |
As of the latest ACS Survey released in 2023, Plainview, MN is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Plainview, MN is hispanic, making up 8.3% of the population. Foreign-born residents account for 2.7% of the population in Plainview, MN, and this percentage has increased by 12.5% 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 | 89.5% | -7.2% |
% Black | 0.2% | 0.0% |
% Hispanic | 8.3% | 144.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.7% | 12.5% |
Mortgage and Risk — Plainview, MN
According to HUD data as of 2023, there were 110 mortgage originations in Plainview, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Plainview, MN. Investor activity is low, as 6.0% 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 | 110 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Plainview, MN
Plainview, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 94.0% |
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 | N/A | N/A | $1,460 |
| 4 Bedroom | -$1,240 | $3,000 | $1,760 |
Affordability — Plainview, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $287,000 |
| Median Household Income | $72,800 |