Belgrade, MN—56312
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belgrade, MN
As of Oct '25, the median home price in Belgrade, MN is $317,000, with a year-over-year change of 1.4%. This indicates that home prices in Belgrade, MN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 1.4% |
| Single Family | $317,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | 1.1% |
3 Bed | $296,000 | 1.7% |
4 Bed | $393,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Belgrade, MN
Belgrade, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $725 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $725 | $725 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Belgrade, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Belgrade, MN is 187. This is a increase of 76.0% 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 | $499,000 | -12.0% |
Listing Count | 1 | -70.0% |
| Listings as % of Homes | 0.2% | -70.0% |
Days on Market | 187 | 76.0% |
Demographics — Belgrade, MN
As of the latest ACS Survey released in 2023, Belgrade, MN has a population of 2,220, which has decreased by -15.2% over the past 5 years. Belgrade, MN is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 17.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,220 | -15.2% |
% Under 18 | 27.2% | 9.2% |
% Seniors | 16.3% | -9.4% |
% WFH | 11.2% | 16.7% |
% w/ College Degree | 17.9% | 20.1% |
As of the latest ACS Survey released in 2023, Belgrade, MN is a predominantly white area, with 97.2% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Belgrade, MN is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.2% of the population in Belgrade, MN, and this percentage has decreased by 81.8% 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 | 97.2% | 2.7% |
% Black | 0.0% | N/A |
% Hispanic | 1.9% | -56.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -81.8% |
Mortgage and Risk — Belgrade, MN
According to HUD data as of 2023, there were 51 mortgage originations in Belgrade, MN, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Belgrade, MN. Investor activity is low, as 12.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 51 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 12.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Belgrade, MN
Belgrade, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | $315 | $725 | $1,040 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Belgrade, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $317,000 |
| Median Household Income | $69,500 |