Blue Earth, MN—56013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blue Earth, MN
Blue Earth, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 4.5% |
| Single Family | $175,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $132,000 | 3.9% |
3 Bed | $172,000 | 4.2% |
4 Bed | $219,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blue Earth, MN
As of July '25, Rentcast reports the average rent in Blue Earth, MN is $808, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Blue Earth, MN is 1-bedrooms: $717, 2-bedrooms: $848, 3-bedrooms: $1,130. The most common rental property sizes in Blue Earth, MN are 1-bedroom and 2-bedroom, accounting for 42.2% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $808 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $724 | $717 |
| 2 Bed Rent | $848 | $848 |
| 3 Bed Rent | $1,130 | $1,130 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blue Earth, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Blue Earth, MN is 66. This is a increase of 20.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $180,000 | -11.0% |
Listing Count | 19 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 66 | 20.0% |
Demographics — Blue Earth, MN
As of the latest ACS Survey released in 2023, Blue Earth, MN has a population of 4,530, which has increased by 6.0% over the past 5 years. Blue Earth, MN is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,530 | 6.0% |
% Under 18 | 22.9% | 18.7% |
% Seniors | 23.3% | -13.4% |
% WFH | 9.6% | 92.0% |
% w/ College Degree | 26.9% | 56.4% |
As of the latest ACS Survey released in 2023, Blue Earth, MN is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Blue Earth, MN is hispanic, making up 10.2% of the population. Foreign-born residents account for 3.2% of the population in Blue Earth, MN, and this percentage has increased by 23.1% 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 | 86.2% | -5.1% |
% Black | 0.7% | 133.3% |
% Hispanic | 10.2% | 37.8% |
% Asian | 1.3% | ∞% |
% Foreign Born | 3.2% | 23.1% |
Mortgage and Risk — Blue Earth, MN
According to HUD data as of 2023, there were 51 mortgage originations in Blue Earth, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Blue Earth, MN. Investor activity is low, as 6.0% 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 | 51 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Blue Earth, MN
Blue Earth, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 145 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $26 | $724 | $750 |
| 2 Bedroom | $92 | $848 | $940 |
| 3 Bedroom | $180 | $1,130 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Blue Earth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $174,000 |
| Median Household Income | $64,400 |