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West Concord, MN—55985

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$268,000
4.1% YoY Growth
Household Income
$84,900
40.4% YoY Growth
Days on Market
105
78.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$925
26.6% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$925
5.8% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — West Concord, MN

As of Dec '25, the median home price in West Concord, MN is $268,000, with a year-over-year change of 4.1%. This indicates that home prices in West Concord, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$268,0004.1%
Single Family $268,0003.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$226,0002.3%
    3 Bed
    		$259,0002.8%
    4 Bed
    		$313,0006.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.0%
    1 Bedroom
    3.1%
    2 Bedrooms
    18.6%
    3 Bedrooms
    41.0%
    4 Bedrooms
    27.4%
    5+ Bedrooms
    6.9%

    Rental Trends — West Concord, MN

    As of July '25, Rentcast reports the average rent in West Concord, MN is $925, with a year-over-year rent change of -26.6%. Per bedroom, the median rent as of July '25 in West Concord, MN is 2-bedrooms: $925. The most common rental property sizes in West Concord, MN are 1-bedroom and 3-bedroom, accounting for 23.9% and 22.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$925$925
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $925$925
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    17.4%
    1 Bedroom
    23.9%
    2 Bedrooms
    17.4%
    3 Bedrooms
    22.8%
    4 Bedrooms
    7.6%
    5+ Bedrooms
    10.9%

    Property Listings — West Concord, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in West Concord, MN is 64. This is a increase of 117.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$275,0001.0%
    Listing Count
    		1123.0%
    Listings as % of Homes0.3%23.0%
    Days on Market
    		10578.0%
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    Demographics — West Concord, MN

    As of the latest ACS Survey released in 2023, West Concord, MN has a population of 1,640, which has decreased by -13.9% over the past 5 years. West Concord, MN is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,640-13.9%
    % Under 18
    		19.1%-28.7%
    % Seniors
    		19.4%32.0%
    % WFH
    		11.9%32.2%
    % w/ College Degree
    		25.0%54.3%
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    As of the latest ACS Survey released in 2023, West Concord, MN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in West Concord, MN is hispanic, making up 4.9% of the population. Foreign-born residents account for 2.6% of the population in West Concord, MN, and this percentage has increased by 4.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.0%-2.6%
    % Black
    		1.2%∞%
    % Hispanic
    		4.9%-26.9%
    % Asian
    		0.4%300.0%
    % Foreign Born
    		2.6%4.0%
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    Mortgage and Risk — West Concord, MN

    According to HUD data as of 2023, there were 54 mortgage originations in West Concord, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in West Concord, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		54
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — West Concord, MN

    West Concord, MN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		7
    Total Units Section 8
    		7
    % Rentals under Section 8
    		7.6%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,040
    2 Bedroom$345$925$1,270
    3 BedroomN/AN/A$1,780
    4 BedroomN/AN/A$2,130

    Affordability — West Concord, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$268,000
    Median Household Income$84,900

    West Concord, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Kenyon, MN

    55946

    Dodge Center, MN

    55927

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    55983

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    55924

    Mantorville, MN

    55955

    Frequently Asked Questions