Waterville, MN 56096 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Waterville, MN—56096

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$313,000

3.2% YoY Growth

Household Income

$79,900

39.9% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$1,850

7.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,850

N/A

3-Bed Rent

N/A

Home Price Trends — Waterville, MN

As of Dec '25, the median home price in Waterville, MN is $313,000, with a year-over-year change of 3.2%. This indicates that home prices in Waterville, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$313,000	3.2%
Single Family	$312,000	2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Waterville, MN

As of July '25, Rentcast reports the average rent in Waterville, MN is $1,850, with a year-over-year rent change of -7.5%. Per bedroom, the median rent as of July '25 in Waterville, MN is 2-bedrooms: $1,850. The most common rental property sizes in Waterville, MN are 2-bedroom and 1-bedroom, accounting for 47.7% and 18.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,850
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,850	$1,850
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

6.1%

1 Bedroom

18.7%

2 Bedrooms

47.7%

3 Bedrooms

15.9%

4 Bedrooms

8.9%

5+ Bedrooms

2.8%

Property Listings — Waterville, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Waterville, MN is 58. This is a decrease of -9.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$267,000	-30.0%
Listing Count	15	-22.0%
Listings as % of Homes	0.5%	-22.0%
Days on Market	69	4.0%

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Demographics — Waterville, MN

As of the latest ACS Survey released in 2023, Waterville, MN has a population of 2,870, which has decreased by -9.1% over the past 5 years. Waterville, MN is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,870	-9.1%
% Under 18	19.1%	-16.6%
% Seniors	20.8%	3.5%
% WFH	4.8%	-2.0%
% w/ College Degree	20.1%	-11.5%

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As of the latest ACS Survey released in 2023, Waterville, MN is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Waterville, MN is hispanic, making up 5.3% of the population. Foreign-born residents account for 0.3% of the population in Waterville, MN, and this percentage has decreased by 76.9% 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	88.9%	-8.2%
% Black	0.7%	0.0%
% Hispanic	5.3%	194.4%
% Asian	0.6%	100.0%
% Foreign Born	0.3%	-76.9%

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Mortgage and Risk — Waterville, MN

According to HUD data as of 2023, there were 67 mortgage originations in Waterville, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Waterville, MN. Investor activity is low, as 6.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	67
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	6.0%
% Second Loans	9.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Waterville, MN

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

Section 8 Market Size

Total Units under HUD	29
Total Units Section 8	29
% Rentals under Section 8	12.1%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$830
2 Bedroom	-$760	$1,850	$1,090
3 Bedroom	N/A	N/A	$1,480
4 Bedroom	N/A	N/A	$1,740

Waterville, MN—56096

Key Metrics at a Glance

Home Price Trends — Waterville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterville, MN

% of Rental Stock

Property Listings — Waterville, MN

Demographics — Waterville, MN

Race and Ethnicity

Mortgage and Risk — Waterville, MN

Mortgages

Rentals and Section 8 — Waterville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterville, MN

Home Price to Income Ratio

Waterville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kilkenny, MN

Elysian, MN

Morristown, MN

Montgomery, MN

Janesville, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$313,000
Median Household Income	$79,900

Waterville, MN—56096

Key Metrics at a Glance

Home Price Trends — Waterville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waterville, MN

% of Rental Stock

Property Listings — Waterville, MN

Demographics — Waterville, MN

Race and Ethnicity

Mortgage and Risk — Waterville, MN

Mortgages

Rentals and Section 8 — Waterville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Waterville, MN

Home Price to Income Ratio

Waterville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kilkenny, MN

Elysian, MN

Morristown, MN

Montgomery, MN

Janesville, MN

Frequently Asked Questions

What is the average home price in Waterville, MN 56096?

How have home prices in Waterville, MN 56096 changed over the past year?

What is the home price projection for Waterville, MN 56096?

What are the demographics of Waterville, MN 56096?

How long does it take homes to sell in Waterville, MN 56096?

What is the average rent price in Waterville, MN 56096?