Tyler, MN—56178
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tyler, MN
Tyler, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $171,000 | 0.1% |
| Single Family | $170,000 | 0.6% |
| 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 — Tyler, MN
As of July '25, Rentcast reports the average rent in Tyler, MN is $1,030, with a year-over-year rent change of 94.0%. Per bedroom, the median rent as of July '25 in Tyler, MN is 1-bedrooms: $657, 3-bedrooms: $1,400. The most common rental property sizes in Tyler, MN are 2-bedroom and 3-bedroom, accounting for 57.7% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $657 | $1,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $657 | $657 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Tyler, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Tyler, MN is 62. This is a decrease of -20.0% 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 | $345,000 | 26.0% |
Listing Count | 5 | -30.0% |
| Listings as % of Homes | 0.7% | -30.0% |
Days on Market | 62 | -20.0% |
Demographics — Tyler, MN
As of the latest ACS Survey released in 2023, Tyler, MN has a population of 1,670, which has decreased by -12.7% over the past 5 years. Tyler, MN is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,670 | -12.7% |
% Under 18 | 25.0% | -5.7% |
% Seniors | 19.8% | -18.9% |
% WFH | 13.9% | 65.5% |
% w/ College Degree | 26.7% | 18.1% |
As of the latest ACS Survey released in 2023, Tyler, MN is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Tyler, MN is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.4% of the population in Tyler, MN, and this percentage has decreased by 55.6% 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 | 94.7% | -0.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.3% | -4.2% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 0.4% | -55.6% |
Mortgage and Risk — Tyler, MN
According to HUD data as of 2023, there were 52 mortgage originations in Tyler, MN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Tyler, MN. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Tyler, MN
Tyler, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 61.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $73 | $657 | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | -$170 | $1,400 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Tyler, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $171,000 |
| Median Household Income | $81,700 |