Cold Spring, MN—56320
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cold Spring, MN
As of Oct '25, the median home price in Cold Spring, MN is $370,000, with a year-over-year change of 4.5%. This indicates that home prices in Cold Spring, MN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 4.5% |
| Single Family | $371,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 4.9% |
3 Bed | $372,000 | 4.2% |
4 Bed | $395,000 | 4.8% |
| 5 Bed | $469,000 | 4.2% |
% of Housing Stock
Rental Trends — Cold Spring, MN
Cold Spring, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,220 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cold Spring, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cold Spring, MN is 73. This is a increase of 33.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $485,000 | 15.0% |
Listing Count | 44 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 73 | 33.0% |
Demographics — Cold Spring, MN
As of the latest ACS Survey released in 2023, Cold Spring, MN has a population of 8,550, which has increased by 3.0% over the past 5 years. Cold Spring, MN is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 31.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,550 | 3.0% |
% Under 18 | 24.3% | -3.2% |
% Seniors | 19.3% | -4.9% |
% WFH | 9.7% | 223.3% |
% w/ College Degree | 31.9% | 17.3% |
As of the latest ACS Survey released in 2023, Cold Spring, MN is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Cold Spring, MN is hispanic, making up 3.1% of the population. Foreign-born residents account for 2.9% of the population in Cold Spring, MN, and this percentage has increased by 81.2% 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 | 95.7% | -0.4% |
% Black | 0.1% | -66.7% |
% Hispanic | 3.1% | -11.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.9% | 81.2% |
Mortgage and Risk — Cold Spring, MN
According to HUD data as of 2023, there were 126 mortgage originations in Cold Spring, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Cold Spring, MN. Investor activity is low, as 2.0% 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 | 126 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cold Spring, MN
Cold Spring, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 12.8% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $1,220 | $960 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | -$610 | $2,250 | $1,640 |
| 4 Bedroom | N/A | N/A | $1,950 |
Affordability — Cold Spring, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $370,000 |
| Median Household Income | $90,300 |