Sherburn, MN—56171
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sherburn, MN
Sherburn, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | 5.1% |
| Single Family | $225,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 8.0% |
3 Bed | $182,000 | 5.8% |
4 Bed | $268,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sherburn, MN
As of July '25, Rentcast reports the average rent in Sherburn, MN is $975, with a year-over-year rent change of 50.0%. Per bedroom, the median rent as of July '25 in Sherburn, MN is 1-bedrooms: $975. The most common rental property sizes in Sherburn, MN are 2-bedroom and 3-bedroom, accounting for 47.4% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $975 |
| 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 — Sherburn, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sherburn, MN is 74. This is a decrease of -38.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | 29.0% |
Listing Count | 11 | 35.0% |
| Listings as % of Homes | 1.0% | 35.0% |
Days on Market | 74 | -38.0% |
Demographics — Sherburn, MN
As of the latest ACS Survey released in 2023, Sherburn, MN has a population of 1,530, which has decreased by -14.8% over the past 5 years. Sherburn, MN is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,530 | -14.8% |
% Under 18 | 22.9% | 10.1% |
% Seniors | 28.6% | 33.0% |
% WFH | 9.5% | 53.2% |
% w/ College Degree | 24.3% | 57.8% |
As of the latest ACS Survey released in 2023, Sherburn, MN is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Sherburn, MN is hispanic, making up 1.2% of the population. Foreign-born residents account for 0.3% of the population in Sherburn, MN, and this percentage has decreased by 50.0% 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 | 94.5% | -3.1% |
% Black | 0.0% | N/A |
% Hispanic | 1.2% | 33.3% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 0.3% | -50.0% |
Mortgage and Risk — Sherburn, MN
According to HUD data as of 2023, there were 23 mortgage originations in Sherburn, MN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Sherburn, MN. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 23 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sherburn, MN
Sherburn, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$235 | $975 | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Sherburn, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $226,000 |
| Median Household Income | $74,800 |