Worthington, MN—56187
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Worthington, MN
As of Oct '25, the median home price in Worthington, MN is $238,000, with a year-over-year change of 5.5%. This indicates that home prices in Worthington, MN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 5.5% |
| Single Family | $238,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 4.9% |
3 Bed | $251,000 | 4.6% |
4 Bed | $308,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Worthington, MN
As of July '25, Rentcast reports the average rent in Worthington, MN is $1,320, with a year-over-year rent change of 70.1%. Per bedroom, the median rent as of July '25 in Worthington, MN is 1-bedrooms: $898, 2-bedrooms: $910, 4-bedrooms: $3,000. The most common rental property sizes in Worthington, MN are 2-bedroom and 3-bedroom, accounting for 39.9% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $920 | $1,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $830 | $898 |
| 2 Bed Rent | $900 | $910 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Worthington, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Worthington, MN is 55. This is a decrease of -19.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 6.0% |
Listing Count | 45 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 55 | -19.0% |
Demographics — Worthington, MN
As of the latest ACS Survey released in 2023, Worthington, MN has a population of 15,200, which has increased by 4.4% over the past 5 years. Worthington, MN is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,200 | 4.4% |
% Under 18 | 30.0% | 5.3% |
% Seniors | 16.4% | 13.9% |
% WFH | 4.6% | 58.6% |
% w/ College Degree | 18.5% | 12.1% |
As of the latest ACS Survey released in 2023, Worthington, MN is a predominantly white area, with 41.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Worthington, MN is hispanic, making up 40.4% of the population. Foreign-born residents account for 27.8% of the population in Worthington, MN, and this percentage has decreased by 0.4% 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 | 41.3% | -6.8% |
% Black | 7.5% | 13.6% |
% Hispanic | 40.4% | 5.8% |
% Asian | 6.8% | -26.9% |
% Foreign Born | 27.8% | -0.4% |
Mortgage and Risk — Worthington, MN
According to HUD data as of 2023, there were 109 mortgage originations in Worthington, MN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Worthington, MN. Investor activity is high, as 17.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 17.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Worthington, MN
Worthington, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 327 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 73.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $830 | $800 |
| 2 Bedroom | $150 | $900 | $1,050 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | -$1,610 | $3,000 | $1,390 |
Affordability — Worthington, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $238,000 |
| Median Household Income | $63,600 |