Sherburn, MN 56171 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sherburn, MN—56171

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$242,000

9.5% YoY Growth

Household Income

$74,800

27.8% YoY Growth

Days on Market

31.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$975

50.0% YoY Growth

1-Bed Rent

$975

62.5% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$242,000	9.5%
Single Family	$242,000	9.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

1 Bedroom

6.4%

2 Bedrooms

47.4%

3 Bedrooms

33.3%

4 Bedrooms

12.8%

Property Listings — Sherburn, MN

As of May '26, Realtor.com reports that the median days on market for a home in Sherburn, MN is 81. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer 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	$180,000	-7.0%
Listing Count	8	24.0%
Listings as % of Homes	1.0%	24.0%
Days on Market	81	31.0%

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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%

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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%

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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%

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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

Sherburn, MN—56171

Key Metrics at a Glance

Home Price Trends — Sherburn, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherburn, MN

% of Rental Stock

Property Listings — Sherburn, MN

Demographics — Sherburn, MN

Race and Ethnicity

Mortgage and Risk — Sherburn, MN

Mortgages

Rentals and Section 8 — Sherburn, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherburn, MN

Home Price to Income Ratio

Sherburn, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Trimont, MN

Dunnell, MN

Welcome, MN

Odin, MN

Ormsby, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$242,000
Median Household Income	$74,800

Sherburn, MN—56171

Key Metrics at a Glance

Home Price Trends — Sherburn, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherburn, MN

% of Rental Stock

Property Listings — Sherburn, MN

Demographics — Sherburn, MN

Race and Ethnicity

Mortgage and Risk — Sherburn, MN

Mortgages

Rentals and Section 8 — Sherburn, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherburn, MN

Home Price to Income Ratio

Sherburn, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Trimont, MN

Dunnell, MN

Welcome, MN

Odin, MN

Ormsby, MN

Frequently Asked Questions

What is the average home price in Sherburn, MN 56171?

How have home prices in Sherburn, MN 56171 changed over the past year?

What is the home price projection for Sherburn, MN 56171?

What are the demographics of Sherburn, MN 56171?

How long does it take homes to sell in Sherburn, MN 56171?

What is the average rent price in Sherburn, MN 56171?