Ellendale, MN—56026
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellendale, MN
As of Oct '25, the median home price in Ellendale, MN is $299,000, with a year-over-year change of 6.4%. This indicates that home prices in Ellendale, MN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 6.4% |
| Single Family | $299,000 | 6.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 8.3% |
3 Bed | $271,000 | 6.3% |
4 Bed | $333,000 | 5.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ellendale, MN
As of July '25, Rentcast reports the average rent in Ellendale, MN is $1,780, with a year-over-year rent change of 48.3%. Per bedroom, the median rent as of July '25 in Ellendale, MN is 2-bedrooms: $1,150, 3-bedrooms: $2,400. The most common rental property sizes in Ellendale, MN are 2-bedroom and 3-bedroom, accounting for 40.2% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,150 | $1,150 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ellendale, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellendale, MN is 29. This is a increase of 7.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | 5.0% |
Listing Count | 8 | 11.0% |
| Listings as % of Homes | 0.1% | 11.0% |
Days on Market | 29 | 7.0% |
Demographics — Ellendale, MN
As of the latest ACS Survey released in 2023, Ellendale, MN has a population of 1,980, which has decreased by -3.7% over the past 5 years. Ellendale, MN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,980 | -3.7% |
% Under 18 | 24.6% | -8.9% |
% Seniors | 14.8% | -6.3% |
% WFH | 8.9% | 30.9% |
% w/ College Degree | 25.3% | 8.1% |
As of the latest ACS Survey released in 2023, Ellendale, MN is a predominantly white area, with 87.7% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Ellendale, MN is hispanic, making up 7.4% of the population. Foreign-born residents account for 0.3% of the population in Ellendale, MN, and this percentage has decreased by 78.6% 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 | 87.7% | -9.3% |
% Black | 0.5% | -44.4% |
% Hispanic | 7.4% | 957.1% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 0.3% | -78.6% |
Mortgage and Risk — Ellendale, MN
Ellendale, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Ellendale, MN
Ellendale, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $740 |
| 2 Bedroom | -$190 | $1,150 | $960 |
| 3 Bedroom | -$1,050 | $2,400 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Ellendale, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $299,000 |
| Median Household Income | $96,800 |