Wabasha, MN 55981 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wabasha, MN—55981

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$269,000

2.3% YoY Growth

Household Income

$69,200

18.4% YoY Growth

Days on Market

116

64.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$695

52.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Wabasha, MN

As of Dec '25, the median home price in Wabasha, MN is $269,000, with a year-over-year change of 2.3%. This indicates that home prices in Wabasha, MN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$269,000	2.3%
Single Family	$276,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wabasha, MN

As of July '25, Rentcast reports the average rent in Wabasha, MN is $695, with a year-over-year rent change of -52.7%. Per bedroom, the median rent as of July '25 in Wabasha, MN is studios: $695. The most common rental property sizes in Wabasha, MN are 1-bedroom and 2-bedroom, accounting for 33.7% and 26.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$695	$695
Studio Rent	$695	$695
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

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% of Rental Stock

Studio

11.8%

1 Bedroom

33.7%

2 Bedrooms

26.6%

3 Bedrooms

15.1%

4 Bedrooms

10.1%

5+ Bedrooms

2.8%

Property Listings — Wabasha, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Wabasha, MN is 88. This is a increase of 85.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$341,000	-7.0%
Listing Count	20	66.0%
Listings as % of Homes	0.4%	66.0%
Days on Market	116	64.0%

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Demographics — Wabasha, MN

As of the latest ACS Survey released in 2023, Wabasha, MN has a population of 3,860, which has decreased by -4.4% over the past 5 years. Wabasha, MN is a less popular place for families, as children make up 14.4% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,860	-4.4%
% Under 18	14.4%	-23.8%
% Seniors	33.5%	22.3%
% WFH	9.4%	62.1%
% w/ College Degree	26.2%	24.8%

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As of the latest ACS Survey released in 2023, Wabasha, MN is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Wabasha, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.1% of the population in Wabasha, MN, and this percentage has increased by 57.1% 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	96.9%	0.5%
% Black	0.0%	-100.0%
% Hispanic	0.6%	-53.8%
% Asian	0.2%	-50.0%
% Foreign Born	1.1%	57.1%

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Mortgage and Risk — Wabasha, MN

According to HUD data as of 2023, there were 32 mortgage originations in Wabasha, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Wabasha, MN. Investor activity is low, as 0.0% 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	32
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	0.0%
% Second Loans	3.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Wabasha, MN

Wabasha, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	98
Total Units Section 8	13
% Rentals under Section 8	4.8%
% Occupied Section 8	N/A

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	$930
3 Bedroom	N/A	N/A	$1,220
4 Bedroom	N/A	N/A	$1,570

Wabasha, MN—55981

Key Metrics at a Glance

Home Price Trends — Wabasha, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wabasha, MN

% of Rental Stock

Property Listings — Wabasha, MN

Demographics — Wabasha, MN

Race and Ethnicity

Mortgage and Risk — Wabasha, MN

Mortgages

Rentals and Section 8 — Wabasha, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Wabasha, MN

Home Price to Income Ratio

Wabasha, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Reads Landing, MN

Kellogg, MN

Plainview, MN

Stockholm, WI

Beaver, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$269,000
Median Household Income	$69,200

Wabasha, MN—55981

Key Metrics at a Glance

Home Price Trends — Wabasha, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wabasha, MN

% of Rental Stock

Property Listings — Wabasha, MN

Demographics — Wabasha, MN

Race and Ethnicity

Mortgage and Risk — Wabasha, MN

Mortgages

Rentals and Section 8 — Wabasha, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Wabasha, MN

Home Price to Income Ratio

Wabasha, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Reads Landing, MN

Kellogg, MN

Plainview, MN

Stockholm, WI

Beaver, MN

Frequently Asked Questions

What is the average home price in Wabasha, MN 55981?

How have home prices in Wabasha, MN 55981 changed over the past year?

What is the home price projection for Wabasha, MN 55981?

What are the demographics of Wabasha, MN 55981?

How long does it take homes to sell in Wabasha, MN 55981?

What is the average rent price in Wabasha, MN 55981?