Sleepy Eye, MN 56085 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sleepy Eye, MN—56085

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

11.9% YoY Growth

Household Income

$70,400

19.8% YoY Growth

Days on Market

7.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Sleepy Eye, MN

As of Dec '25, the median home price in Sleepy Eye, MN is $246,000, with a year-over-year change of 11.9%. This indicates that home prices in Sleepy Eye, MN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	11.9%
Single Family	$247,000	12.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sleepy Eye, MN

Sleepy Eye, 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

Loading chart...

% of Rental Stock

Studio

11.1%

1 Bedroom

25.6%

2 Bedrooms

41.1%

3 Bedrooms

13.5%

4 Bedrooms

8.1%

5+ Bedrooms

0.7%

Property Listings — Sleepy Eye, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Sleepy Eye, MN is 45. This is a increase of 57.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$206,000	34.0%
Listing Count	12	-2.0%
Listings as % of Homes	0.2%	-2.0%
Days on Market	67	7.0%

Loading chart...

Demographics — Sleepy Eye, MN

As of the latest ACS Survey released in 2023, Sleepy Eye, MN has a population of 5,010, which has decreased by -4.9% over the past 5 years. Sleepy Eye, MN is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,010	-4.9%
% Under 18	20.9%	-13.6%
% Seniors	22.4%	7.7%
% WFH	6.5%	-27.8%
% w/ College Degree	19.9%	18.5%

Loading chart...

As of the latest ACS Survey released in 2023, Sleepy Eye, MN is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Sleepy Eye, MN is hispanic, making up 10.1% of the population. Foreign-born residents account for 5.9% of the population in Sleepy Eye, MN, and this percentage has increased by 110.7% 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	87.9%	-4.7%
% Black	0.0%	-100.0%
% Hispanic	10.1%	32.9%
% Asian	0.4%	∞%
% Foreign Born	5.9%	110.7%

Loading chart...

Mortgage and Risk — Sleepy Eye, MN

According to HUD data as of 2023, there were 56 mortgage originations in Sleepy Eye, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Sleepy Eye, 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	56
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

Loading chart...

Rentals and Section 8 — Sleepy Eye, MN

Sleepy Eye, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	92
Total Units Section 8	47
% Rentals under Section 8	N/A
% Occupied Section 8	70.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$710
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,150
4 Bedroom	N/A	N/A	$1,580

Sleepy Eye, MN—56085

Key Metrics at a Glance

Home Price Trends — Sleepy Eye, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sleepy Eye, MN

% of Rental Stock

Property Listings — Sleepy Eye, MN

Demographics — Sleepy Eye, MN

Race and Ethnicity

Mortgage and Risk — Sleepy Eye, MN

Mortgages

Rentals and Section 8 — Sleepy Eye, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sleepy Eye, MN

Home Price to Income Ratio

Sleepy Eye, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Morgan, MN

Fairfax, MN

Comfrey, MN

Springfield, MN

Hanska, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$246,000
Median Household Income	$70,400

Sleepy Eye, MN—56085

Key Metrics at a Glance

Home Price Trends — Sleepy Eye, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sleepy Eye, MN

% of Rental Stock

Property Listings — Sleepy Eye, MN

Demographics — Sleepy Eye, MN

Race and Ethnicity

Mortgage and Risk — Sleepy Eye, MN

Mortgages

Rentals and Section 8 — Sleepy Eye, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sleepy Eye, MN

Home Price to Income Ratio

Sleepy Eye, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Morgan, MN

Fairfax, MN

Comfrey, MN

Springfield, MN

Hanska, MN

Frequently Asked Questions

What is the average home price in Sleepy Eye, MN 56085?

How have home prices in Sleepy Eye, MN 56085 changed over the past year?

What is the home price projection for Sleepy Eye, MN 56085?

What are the demographics of Sleepy Eye, MN 56085?

How long does it take homes to sell in Sleepy Eye, MN 56085?

What is the average rent price in Sleepy Eye, MN 56085?