Madelia, MN 56062 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Madelia, MN—56062

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$203,000

7.0% YoY Growth

Household Income

$76,500

48.2% YoY Growth

Days on Market

12.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$800

2.2% YoY Growth

1-Bed Rent

$700

0.0% YoY Growth

2-Bed Rent

$915

N/A

3-Bed Rent

N/A

Home Price Trends — Madelia, MN

Madelia, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$203,000	7.0%
Single Family	$202,000	6.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Madelia, MN

As of July '25, Rentcast reports the average rent in Madelia, MN is $805, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Madelia, MN is studios: $800, 1-bedrooms: $700, 2-bedrooms: $915. The most common rental property sizes in Madelia, MN are 2-bedroom and 1-bedroom, accounting for 39.5% and 20.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$800	$805
Studio Rent	$800	$800
1 Bed Rent	$700	$700
2 Bed Rent	$915	$915
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

20.9%

2 Bedrooms

39.5%

3 Bedrooms

9.5%

4 Bedrooms

12.6%

5+ Bedrooms

17.4%

Property Listings — Madelia, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Madelia, MN is 46. This is a increase of 6.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$217,000	-20.0%
Listing Count	8	-12.0%
Listings as % of Homes	0.7%	-12.0%
Days on Market	66	-12.0%

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Demographics — Madelia, MN

As of the latest ACS Survey released in 2023, Madelia, MN has a population of 3,250, which has decreased by -8.4% over the past 5 years. Madelia, MN is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,250	-8.4%
% Under 18	25.7%	-3.4%
% Seniors	19.7%	15.9%
% WFH	5.0%	-26.5%
% w/ College Degree	22.0%	16.4%

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As of the latest ACS Survey released in 2023, Madelia, MN is a predominantly white area, with 72.6% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Madelia, MN is hispanic, making up 26.3% of the population. Foreign-born residents account for 9.8% of the population in Madelia, MN, and this percentage has decreased by 11.7% 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	72.6%	-1.1%
% Black	0.1%	-96.4%
% Hispanic	26.3%	21.2%
% Asian	0.1%	-87.5%
% Foreign Born	9.8%	-11.7%

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Mortgage and Risk — Madelia, MN

According to HUD data as of 2023, there were 40 mortgage originations in Madelia, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Madelia, MN. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	40
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Madelia, MN

Madelia, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	49
Total Units Section 8	49
% Rentals under Section 8	18.2%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$120	$700	$820
2 Bedroom	$85	$915	$1,000
3 Bedroom	N/A	N/A	$1,400
4 Bedroom	N/A	N/A	$1,690

Madelia, MN—56062

Key Metrics at a Glance

Home Price Trends — Madelia, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madelia, MN

% of Rental Stock

Property Listings — Madelia, MN

Demographics — Madelia, MN

Race and Ethnicity

Mortgage and Risk — Madelia, MN

Mortgages

Rentals and Section 8 — Madelia, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Madelia, MN

Home Price to Income Ratio

Madelia, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Hanska, MN

Lake Crystal, MN

Vernon Center, MN

Saint James, MN

Truman, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$203,000
Median Household Income	$76,500

Madelia, MN—56062

Key Metrics at a Glance

Home Price Trends — Madelia, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Madelia, MN

% of Rental Stock

Property Listings — Madelia, MN

Demographics — Madelia, MN

Race and Ethnicity

Mortgage and Risk — Madelia, MN

Mortgages

Rentals and Section 8 — Madelia, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Madelia, MN

Home Price to Income Ratio

Madelia, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Hanska, MN

Lake Crystal, MN

Vernon Center, MN

Saint James, MN

Truman, MN

Frequently Asked Questions

What is the average home price in Madelia, MN 56062?

How have home prices in Madelia, MN 56062 changed over the past year?

What is the home price projection for Madelia, MN 56062?

What are the demographics of Madelia, MN 56062?

How long does it take homes to sell in Madelia, MN 56062?

What is the average rent price in Madelia, MN 56062?