Le Center, MN—56057
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Le Center, MN
As of Oct '25, the median home price in Le Center, MN is $312,000, with a year-over-year change of 3.0%. This indicates that home prices in Le Center, 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 | $312,000 | 3.0% |
| Single Family | $313,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 0.9% |
3 Bed | $281,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Le Center, MN
Le Center, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 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 |
% of Rental Stock
Property Listings — Le Center, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Le Center, MN is 62. This is a increase of 37.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $271,000 | -27.0% |
Listing Count | 14 | 100.0% |
| Listings as % of Homes | 0.1% | 100.0% |
Days on Market | 62 | 37.0% |
Demographics — Le Center, MN
As of the latest ACS Survey released in 2023, Le Center, MN has a population of 3,930, which has remained stable by -0.6% over the past 5 years. Le Center, MN is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,930 | -0.6% |
% Under 18 | 22.3% | -15.2% |
% Seniors | 14.1% | -14.5% |
% WFH | 7.4% | 72.1% |
% w/ College Degree | 17.3% | -2.8% |
As of the latest ACS Survey released in 2023, Le Center, MN is a predominantly white area, with 79.5% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Le Center, MN is hispanic, making up 19.3% of the population. Foreign-born residents account for 9.9% of the population in Le Center, MN, and this percentage has increased by 10.0% 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 | 79.5% | -4.9% |
% Black | 0.3% | ∞% |
% Hispanic | 19.3% | 22.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 9.9% | 10.0% |
Mortgage and Risk — Le Center, MN
According to HUD data as of 2023, there were 65 mortgage originations in Le Center, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Le Center, MN. Investor activity is low, as 9.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 9.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Le Center, MN
Le Center, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 91.0% |
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 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Le Center, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $312,000 |
| Median Household Income | $81,900 |