Kensington, MN—56343
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kensington, MN
As of Oct '25, the median home price in Kensington, MN is $260,000, with a year-over-year change of 1.8%. This indicates that home prices in Kensington, MN are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 1.8% |
| Single Family | $259,000 | 2.4% |
| 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 — Kensington, MN
Kensington, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,700 | $1,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Kensington, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kensington, MN is 36. This is a increase of 27.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $630,000 | 11.0% |
Listing Count | 5 | 83.0% |
| Listings as % of Homes | 0.4% | 83.0% |
Days on Market | 36 | 27.0% |
Demographics — Kensington, MN
As of the latest ACS Survey released in 2023, Kensington, MN has a population of 805, which has decreased by -15.9% over the past 5 years. Kensington, MN is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 805 | -15.9% |
% Under 18 | 18.3% | -5.2% |
% Seniors | 25.2% | 13.5% |
% WFH | 17.7% | 139.2% |
% w/ College Degree | 19.2% | -13.1% |
As of the latest ACS Survey released in 2023, Kensington, MN is a predominantly white area, with 97.3% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Kensington, MN is hispanic, making up 0.9% of the population. Foreign-born residents account for 0.1% of the population in Kensington, MN, and this percentage has decreased by 90.9% 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 | 97.3% | -1.7% |
% Black | 0.0% | N/A |
% Hispanic | 0.9% | ∞% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 0.1% | -90.9% |
Mortgage and Risk — Kensington, MN
Kensington, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Kensington, MN
Kensington, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
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 | N/A | N/A | $990 |
| 3 Bedroom | -$380 | $1,700 | $1,320 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Kensington, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $260,000 |
| Median Household Income | $64,300 |