Gilman, MN 56329 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gilman, MN—56329

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$345,000

7.4% YoY Growth

Household Income

$89,700

27.7% YoY Growth

Days on Market

12.0% Longer YoY

Home Price Forecast

0.4%

Median Rent

$925

20.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$925

12.1% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Gilman, MN

As of May '26, the median home price in Gilman, MN is $345,000, with a year-over-year change of 7.4%. This indicates that home prices in Gilman, MN are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$345,000	7.4%
Single Family	$345,000	7.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gilman, MN

As of July '25, Rentcast reports the average rent in Gilman, MN is $925, with a year-over-year rent change of -20.3%. Per bedroom, the median rent as of July '25 in Gilman, MN is 2-bedrooms: $925. The most common rental property sizes in Gilman, MN are 1-bedroom and 2-bedroom, accounting for 33.5% and 26.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$925	$925
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$925	$925
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

0.6%

1 Bedroom

33.5%

2 Bedrooms

26.0%

3 Bedrooms

22.2%

4 Bedrooms

8.1%

5+ Bedrooms

9.6%

Property Listings — Gilman, MN

As of May '26, Realtor.com reports that the median days on market for a home in Gilman, MN is 29. This is a increase of 12.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$502,000	39.0%
Listing Count	23	3.0%
Listings as % of Homes	0.1%	3.0%
Days on Market	29	12.0%

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Demographics — Gilman, MN

As of the latest ACS Survey released in 2023, Gilman, MN has a population of 7,700, which has increased by 2.3% over the past 5 years. Gilman, MN is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,700	2.3%
% Under 18	28.2%	-7.8%
% Seniors	14.2%	3.6%
% WFH	8.9%	45.9%
% w/ College Degree	19.4%	15.5%

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As of the latest ACS Survey released in 2023, Gilman, MN is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Gilman, MN is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.8% of the population in Gilman, MN, and this percentage has decreased by 20.0% 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	93.7%	-2.2%
% Black	0.5%	25.0%
% Hispanic	1.7%	21.4%
% Asian	0.8%	700.0%
% Foreign Born	0.8%	-20.0%

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Mortgage and Risk — Gilman, MN

According to HUD data as of 2023, there were 147 mortgage originations in Gilman, MN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Gilman, MN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	147
% Conventional Loans	84.0%
% Government Loans	16.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Gilman, MN

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

Section 8 Market Size

Total Units under HUD	37
Total Units Section 8	37
% Rentals under Section 8	7.7%
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,200
2 Bedroom	$535	$925	$1,460
3 Bedroom	N/A	N/A	$1,970
4 Bedroom	N/A	N/A	$2,240

Gilman, MN—56329

Key Metrics at a Glance

Home Price Trends — Gilman, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gilman, MN

% of Rental Stock

Property Listings — Gilman, MN

Demographics — Gilman, MN

Race and Ethnicity

Mortgage and Risk — Gilman, MN

Mortgages

Rentals and Section 8 — Gilman, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Gilman, MN

Home Price to Income Ratio

Gilman, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Oak Park, MN

Foreston, MN

Sauk Rapids, MN

Saint Cloud, MN

Clear Lake, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$345,000
Median Household Income	$89,700

Gilman, MN—56329

Key Metrics at a Glance

Home Price Trends — Gilman, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gilman, MN

% of Rental Stock

Property Listings — Gilman, MN

Demographics — Gilman, MN

Race and Ethnicity

Mortgage and Risk — Gilman, MN

Mortgages

Rentals and Section 8 — Gilman, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Gilman, MN

Home Price to Income Ratio

Gilman, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Oak Park, MN

Foreston, MN

Sauk Rapids, MN

Saint Cloud, MN

Clear Lake, MN

Frequently Asked Questions

What is the average home price in Gilman, MN 56329?

How have home prices in Gilman, MN 56329 changed over the past year?

What is the home price projection for Gilman, MN 56329?

What are the demographics of Gilman, MN 56329?

How long does it take homes to sell in Gilman, MN 56329?

What is the average rent price in Gilman, MN 56329?