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Nicollet, MN—56074

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$312,000
7.8% YoY Growth
Household Income
$91,400
21.6% YoY Growth
Days on Market
92
14.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$1,250
N/A
1-Bed Rent
$1,100
N/A
2-Bed Rent
$1,280
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Nicollet, MN

As of Dec '25, the median home price in Nicollet, MN is $312,000, with a year-over-year change of 7.8%. This indicates that home prices in Nicollet, MN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$312,0007.8%
Single Family $312,0008.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$283,0007.6%
    4 Bed
    		$331,0008.2%
    5 Bed $386,9409.9%
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    % of Housing Stock

    1 Bedroom
    4.3%
    2 Bedrooms
    25.2%
    3 Bedrooms
    36.2%
    4 Bedrooms
    28.4%
    5+ Bedrooms
    5.9%

    Rental Trends — Nicollet, MN

    Nicollet, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,200
    Studio Rent N/AN/A
    1 Bed Rent $1,100$1,100
    2 Bed Rent $1,280$1,220
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    14.5%
    2 Bedrooms
    53.6%
    3 Bedrooms
    28.9%
    4 Bedrooms
    3.0%

    Property Listings — Nicollet, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Nicollet, MN is 61. This is a decrease of -47.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$354,000-10.0%
    Listing Count
    		4-7.0%
    Listings as % of HomesN/A-7.0%
    Days on Market
    		92-14.0%
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    Demographics — Nicollet, MN

    As of the latest ACS Survey released in 2023, Nicollet, MN has a population of 1,850, which has decreased by -8.7% over the past 5 years. Nicollet, MN is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,850-8.7%
    % Under 18
    		21.4%-7.0%
    % Seniors
    		16.6%-5.7%
    % WFH
    		13.2%73.7%
    % w/ College Degree
    		23.4%8.3%
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    As of the latest ACS Survey released in 2023, Nicollet, MN is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Nicollet, MN is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.7% of the population in Nicollet, MN, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.8%-1.8%
    % Black
    		1.5%∞%
    % Hispanic
    		4.6%-11.5%
    % Asian
    		0.2%100.0%
    % Foreign Born
    		1.7%-5.6%
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    Mortgage and Risk — Nicollet, MN

    Nicollet, MN lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    Rentals and Section 8 — Nicollet, MN

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

    Section 8 Market Size

    Total Units under HUD
    		20
    Total Units Section 8
    		20
    % Rentals under Section 8
    		7.8%
    % Occupied Section 8
    		76.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$180$1,100$920
    2 Bedroom-$170$1,280$1,110
    3 BedroomN/AN/A$1,560
    4 BedroomN/AN/A$1,860

    Affordability — Nicollet, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$312,000
    Median Household Income$91,400

    Nicollet, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Courtland, MN

    56021

    North Mankato, MN

    56003

    Saint Peter, MN

    56082

    Lake Crystal, MN

    56055

    Lafayette, MN

    56054

    Frequently Asked Questions