Welcome, MN—56181
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Welcome, MN
Welcome, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 8.3% |
| Single Family | $210,000 | 9.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 18.1% |
3 Bed | $198,000 | 8.8% |
4 Bed | $224,000 | 9.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Welcome, MN
Welcome, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Welcome, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Welcome, MN is 53. This is a increase of 34.0% 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 | $174,000 | -21.0% |
Listing Count | 8 | 22.0% |
| Listings as % of Homes | N/A | 22.0% |
Days on Market | 53 | 34.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,300 | 17.4% |
% Under 18 | 26.0% | -0.8% |
% Seniors | 16.3% | -20.5% |
% WFH | 4.0% | -54.5% |
% w/ College Degree | 14.2% | 6.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Welcome, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $209,000 |
| Median Household Income | $59,800 |