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Garvin, MN—56132

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$296,000
8.9% YoY Growth
Household Income
$71,900
25.2% YoY Growth
Days on Market
65
55.0% Shorter YoY
Home Price Forecast
2.2%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Garvin, MN

As of Dec '25, the median home price in Garvin, MN is $296,000, with a year-over-year change of 8.9%. This indicates that home prices in Garvin, MN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$296,0008.9%
Single Family $295,0008.9%
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
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    6.4%
    2 Bedrooms
    16.7%
    3 Bedrooms
    46.9%
    4 Bedrooms
    15.8%
    5+ Bedrooms
    14.2%

    Rental Trends — Garvin, MN

    Garvin, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    2 Bedrooms
    10.0%
    3 Bedrooms
    50.0%
    5+ Bedrooms
    40.0%

    Property Listings — Garvin, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Garvin, MN is 38. This is a decrease of -42.0% 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
    		$735,00017.0%
    Listing Count
    		5344.0%
    Listings as % of Homes0.8%344.0%
    Days on Market
    		65-55.0%
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    Demographics — Garvin, MN

    As of the latest ACS Survey released in 2023, Garvin, MN has a population of 454, which has increased by 3.4% over the past 5 years. Garvin, MN is a less popular place for families, as children make up 12.1% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4543.4%
    % Under 18
    		12.1%-6.9%
    % Seniors
    		33.5%23.6%
    % WFH
    		15.8%79.5%
    % w/ College Degree
    		17.9%13.3%
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    As of the latest ACS Survey released in 2023, Garvin, MN is a predominantly white area, with 96.3% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Garvin, MN is asian, making up 0.2% of the population. Foreign-born residents account for 0.4% of the population in Garvin, MN, and this percentage has decreased by 42.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.3%-2.6%
    % Black
    		0.0%N/A
    % Hispanic
    		0.0%-100.0%
    % Asian
    		0.2%0.0%
    % Foreign Born
    		0.4%-42.9%
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    Mortgage and Risk — Garvin, MN

    Garvin, 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 — Garvin, MN

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

    Section 8 Market Size

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

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$930
    2 BedroomN/AN/A$1,110
    3 BedroomN/AN/A$1,560
    4 BedroomN/AN/A$1,860

    Affordability — Garvin, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$296,000
    Median Household Income$71,900

    Garvin, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    56175

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    56115

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    56258

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    56169

    Frequently Asked Questions