Garvin, MN—56132
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garvin, MN
As of Oct '25, the median home price in Garvin, MN is $293,000, with a year-over-year change of 8.4%. This indicates that home prices in Garvin, MN are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 8.4% |
| Single Family | $293,000 | 8.5% |
| 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 — Garvin, MN
Garvin, 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 |
% of Rental Stock
Property Listings — Garvin, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Garvin, MN is 29. This is a decrease of -10.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | -3.0% |
Listing Count | 7 | 167.0% |
| Listings as % of Homes | 0.8% | 167.0% |
Days on Market | 29 | -10.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 454 | 3.4% |
% Under 18 | 12.1% | -6.9% |
% Seniors | 33.5% | 23.6% |
% WFH | 15.8% | 79.5% |
% w/ College Degree | 17.9% | 13.3% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — Garvin, MN
Garvin, 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 — 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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,560 |
| 4 Bedroom | N/A | N/A | $1,860 |
Affordability — Garvin, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $293,000 |
| Median Household Income | $71,900 |