Ellsworth, MN—56129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellsworth, MN
Ellsworth, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ellsworth, MN
As of July '25, Rentcast reports the average rent in Ellsworth, MN is $719, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Ellsworth, MN is 1-bedrooms: $719. The most common rental property sizes in Ellsworth, MN are 3-bedroom and 1-bedroom, accounting for 40.0% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $719 | $719 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $719 | $719 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ellsworth, MN
Ellsworth, MN lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Ellsworth, MN
As of the latest ACS Survey released in 2023, Ellsworth, MN has a population of 780, which has increased by 5.3% over the past 5 years. Ellsworth, MN is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 780 | 5.3% |
% Under 18 | 27.3% | 21.3% |
% Seniors | 22.3% | -11.2% |
% WFH | 13.8% | 181.6% |
% w/ College Degree | 16.4% | -12.8% |
As of the latest ACS Survey released in 2023, Ellsworth, MN is a predominantly white area, with 96.4% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Ellsworth, MN is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.5% of the population in Ellsworth, MN, and this percentage has decreased by 31.8% 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 | 96.4% | -0.1% |
% Black | 0.1% | -85.7% |
% Hispanic | 1.9% | -26.9% |
% Asian | 0.3% | -72.7% |
% Foreign Born | 1.5% | -31.8% |
Mortgage and Risk — Ellsworth, MN
According to HUD data as of 2023, there were 20 mortgage originations in Ellsworth, MN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Ellsworth, MN. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 20 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 10.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Ellsworth, MN
Ellsworth, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $11 | $719 | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Ellsworth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $66,700 |