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Welcome, MN—56181

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$211,000
10.2% YoY Growth
Household Income
$59,800
10.9% YoY Growth
Days on Market
64
47.0% Shorter YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Welcome, MN

Welcome, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$211,00010.2%
Single Family $213,00012.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		$129,00021.7%
    3 Bed
    		$198,00010.6%
    4 Bed
    		$224,00010.9%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.4%
    1 Bedroom
    4.6%
    2 Bedrooms
    27.2%
    3 Bedrooms
    36.6%
    4 Bedrooms
    23.1%
    5+ Bedrooms
    8.1%

    Rental Trends — Welcome, MN

    Welcome, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.4%
    1 Bedroom
    14.6%
    2 Bedrooms
    58.5%
    3 Bedrooms
    7.3%
    4 Bedrooms
    17.1%

    Property Listings — Welcome, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Welcome, MN is 40. This is a decrease of -22.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$206,000-16.0%
    Listing Count
    		753.0%
    Listings as % of HomesN/A53.0%
    Days on Market
    		64-47.0%
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    Demographics — Welcome, MN

    As of the latest ACS Survey released in 2023, Welcome, MN has a population of 1,300, which has increased by 17.4% over the past 5 years. Welcome, MN is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,30017.4%
    % Under 18
    		26.0%-0.8%
    % Seniors
    		16.3%-20.5%
    % WFH
    		4.0%-54.5%
    % w/ College Degree
    		14.2%6.8%
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    As of the latest ACS Survey released in 2023, Welcome, MN is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 13.4% in the last 5 years. The second most common race or ethnicity in Welcome, MN is hispanic, making up 9.7% of the population. Foreign-born residents account for 2.1% of the population in Welcome, MN, and this percentage has increased by 600.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.5%-13.4%
    % Black
    		0.0%N/A
    % Hispanic
    		9.7%470.6%
    % Asian
    		0.8%∞%
    % Foreign Born
    		2.1%600.0%
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    Mortgage and Risk — Welcome, MN

    According to HUD data as of 2023, there were 28 mortgage originations in Welcome, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Welcome, MN. Investor activity is low, as 11.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		28
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		25.0%
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    Rentals and Section 8 — Welcome, MN

    Welcome, 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$710
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,230
    4 BedroomN/AN/A$1,240

    Affordability — Welcome, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$211,000
    Median Household Income$59,800

    Welcome, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ceylon, MN

    56121

    Sherburn, MN

    56171

    Trimont, MN

    56176

    Fairmont, MN

    56031

    Ormsby, MN

    56162

    Frequently Asked Questions