Tracy, MN—56175
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tracy, MN
As of Oct '25, the median home price in Tracy, MN is $154,000, with a year-over-year change of 1.4%. This indicates that home prices in Tracy, MN are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $154,000 | 1.4% |
| Single Family | $154,000 | 1.3% |
| 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 | $130,000 | 1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tracy, MN
As of July '25, Rentcast reports the average rent in Tracy, MN is $550, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Tracy, MN is 1-bedrooms: $550. The most common rental property sizes in Tracy, MN are 2-bedroom and 1-bedroom, accounting for 46.9% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $550 | $550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $550 |
| 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 — Tracy, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Tracy, MN is 89. This is a increase of 22.0% 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 | $202,000 | -3.0% |
Listing Count | 15 | 108.0% |
| Listings as % of Homes | 0.5% | 108.0% |
Days on Market | 89 | 22.0% |
Demographics — Tracy, MN
As of the latest ACS Survey released in 2023, Tracy, MN has a population of 2,790, which has decreased by -8.1% over the past 5 years. Tracy, MN is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,790 | -8.1% |
% Under 18 | 23.1% | -8.3% |
% Seniors | 23.5% | 8.3% |
% WFH | 7.1% | 51.1% |
% w/ College Degree | 19.5% | 16.1% |
As of the latest ACS Survey released in 2023, Tracy, MN is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Tracy, MN is hispanic, making up 7.5% of the population. Foreign-born residents account for 3.5% of the population in Tracy, MN, and this percentage has increased by 12.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.4% | -6.4% |
% Black | 0.1% | -66.7% |
% Hispanic | 7.5% | 141.9% |
% Asian | 7.1% | -10.1% |
% Foreign Born | 3.5% | 12.9% |
Mortgage and Risk — Tracy, MN
According to HUD data as of 2023, there were 26 mortgage originations in Tracy, MN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Tracy, MN. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 26 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Tracy, MN
Tracy, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 5 |
% 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 | $240 | $550 | $790 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Tracy, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $154,000 |
| Median Household Income | $66,500 |