Kerkhoven, MN56252

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$221,000
4.9% YoY Growth
Median Household Income
$80,500
47.6% 5-Year Growth
Days on Market
107
25.0% Shorter than last year
Home Price Forecast
N/A
Median Rent
$775
27.3% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$775
27.3% YoY Growth
3-Bed Rent
N/A
N/A

Property Listings — Kerkhoven, MN

As of Oct '25, Realtor.com reports that the median days on market for a home in Kerkhoven, MN is 107. This is a decrease of -25.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$225,000-14.0%
Listing Count
5-24.0%
Listings as % of Homes0.2%-24.0%
Days on Market
107-25.0%
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Demographics — Kerkhoven, MN

As of the latest ACS Survey released in 2023, Kerkhoven, MN has a population of 1,300, which has increased by 8.7% over the past 5 years. Kerkhoven, MN is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.3% reporting working from home.

MetricLatest CensusYoY % Change
Population
1,3008.7%
% Under 18
24.8%-12.7%
% Seniors
20.2%24.7%
% WFH
19.3%206.3%
% w/ College Degree
17.4%-25.3%
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As of the latest ACS Survey released in 2023, Kerkhoven, MN is a predominantly white area, with 84.8% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Kerkhoven, MN is hispanic, making up 11.8% of the population. Foreign-born residents account for 3.4% of the population in Kerkhoven, MN, and this percentage has decreased by 47.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
84.8%1.2%
% Black
0.0%-100.0%
% Hispanic
11.8%-24.4%
% Asian
0.1%∞%
% Foreign Born
3.4%-47.7%
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Mortgage and Risk — Kerkhoven, MN

According to HUD data as of 2023, there were 23 mortgage originations in Kerkhoven, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Kerkhoven, MN. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
23
% Conventional Loans
78.0%
% Government Loans
22.0%
% Investor Loans
4.0%
% Second Loans
0.0%
% Cash Out Refinance
4.0%

Loan Activity

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Rentals and Section 8 — Kerkhoven, MN

Kerkhoven, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
10
Total Units Section 8
10
% Rentals under Section 8
N/A
% Occupied Section 8
N/A

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 BedroomN/AN/A$720
2 Bedroom$155$775$930
3 BedroomN/AN/A$1,200
4 BedroomN/AN/A$1,390

Affordability — Kerkhoven, MN

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio2.4
Median Home Price$221,000
Median Household Income$80,500

Kerkhoven, MN — ZIP Code Boundary Map

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Frequently Asked Questions