Elysian, MN—56028
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elysian, MN
As of Oct '25, the median home price in Elysian, MN is $416,000, with a year-over-year change of 2.9%. This indicates that home prices in Elysian, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | 2.9% |
| Single Family | $417,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elysian, MN
As of July '25, Rentcast reports the average rent in Elysian, MN is $625, with a year-over-year rent change of -38.7%. Per bedroom, the median rent as of July '25 in Elysian, MN is 1-bedrooms: $625. The most common rental property sizes in Elysian, MN are 2-bedroom and 3-bedroom, accounting for 37.5% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $625 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $625 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elysian, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Elysian, MN is 53. This is a decrease of -14.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $782,000 | 33.0% |
Listing Count | 10 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 53 | -14.0% |
Demographics — Elysian, MN
As of the latest ACS Survey released in 2023, Elysian, MN has a population of 1,060, which has decreased by -16.6% over the past 5 years. Elysian, MN is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,060 | -16.6% |
% Under 18 | 17.9% | -4.8% |
% Seniors | 27.2% | -0.7% |
% WFH | 8.6% | 6.2% |
% w/ College Degree | 32.9% | 29.0% |
As of the latest ACS Survey released in 2023, Elysian, MN is a predominantly white area, with 97.5% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Elysian, MN is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.4% of the population in Elysian, MN, and this percentage has increased by 100.0% 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 | 97.5% | -2.0% |
% Black | 0.8% | ∞% |
% Hispanic | 1.2% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | 100.0% |
Mortgage and Risk — Elysian, MN
Elysian, 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 — Elysian, MN
Elysian, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $325 | $625 | $950 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | N/A | N/A | $1,750 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Elysian, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $416,000 |
| Median Household Income | $104,000 |