Nicollet, MN—56074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nicollet, MN
As of Oct '25, the median home price in Nicollet, MN is $314,000, with a year-over-year change of 7.2%. This indicates that home prices in Nicollet, MN are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 7.2% |
| Single Family | $314,000 | 7.9% |
| 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 | $284,000 | 7.6% |
4 Bed | $333,000 | 7.8% |
| 5 Bed | $390,000 | 9.2% |
% of Housing Stock
Rental Trends — Nicollet, MN
Nicollet, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,280 | $1,220 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nicollet, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Nicollet, MN is 26. This is a decrease of -51.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $301,000 | -24.0% |
Listing Count | 6 | -17.0% |
| Listings as % of Homes | N/A | -17.0% |
Days on Market | 26 | -51.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — Nicollet, MN
Nicollet, 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 — 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,100 | $920 |
| 2 Bedroom | -$170 | $1,280 | $1,110 |
| 3 Bedroom | N/A | N/A | $1,560 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Nicollet, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $314,000 |
| Median Household Income | $91,400 |