Atwater, MN—56209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Atwater, MN
As of Oct '25, the median home price in Atwater, MN is $271,000, with a year-over-year change of 5.5%. This indicates that home prices in Atwater, MN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | 5.5% |
| Single Family | $270,000 | 5.5% |
| 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 — Atwater, MN
As of July '25, Rentcast reports the average rent in Atwater, MN is $675, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Atwater, MN is 2-bedrooms: $675. The most common rental property sizes in Atwater, MN are 3-bedroom and 4-bedroom, accounting for 35.5% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $675 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $675 | $675 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Atwater, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Atwater, MN is 66. This is a increase of 82.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $332,000 | -31.0% |
Listing Count | 13 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 66 | 82.0% |
Demographics — Atwater, MN
As of the latest ACS Survey released in 2023, Atwater, MN has a population of 2,640, which has increased by 21.5% over the past 5 years. Atwater, MN is a popular place for families, as children make up 29.8% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,640 | 21.5% |
% Under 18 | 29.8% | 34.8% |
% Seniors | 16.5% | -7.8% |
% WFH | 7.6% | 31.0% |
% w/ College Degree | 21.4% | 12.0% |
As of the latest ACS Survey released in 2023, Atwater, MN is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Atwater, MN is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.6% of the population in Atwater, MN, and this percentage has decreased by 53.8% 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 | 89.4% | -7.2% |
% Black | 0.5% | ∞% |
% Hispanic | 3.2% | -3.0% |
% Asian | 0.3% | 200.0% |
% Foreign Born | 0.6% | -53.8% |
Mortgage and Risk — Atwater, MN
According to HUD data as of 2023, there were 40 mortgage originations in Atwater, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Atwater, MN. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 40 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Atwater, MN
Atwater, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | $780 |
| 2 Bedroom | $275 | $675 | $950 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Atwater, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $271,000 |
| Median Household Income | $83,700 |