Onamia, MN—56359
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Onamia, MN
As of Oct '25, the median home price in Onamia, MN is $286,000, with a year-over-year change of 5.4%. This indicates that home prices in Onamia, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $286,000 | 5.4% |
| Single Family | $286,000 | 5.9% |
| 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 | $306,000 | 3.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Onamia, MN
Onamia, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Onamia, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Onamia, MN is 76. This is a increase of 57.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -13.0% |
Listing Count | 25 | 33.0% |
| Listings as % of Homes | 0.5% | 33.0% |
Days on Market | 76 | 57.0% |
Demographics — Onamia, MN
As of the latest ACS Survey released in 2023, Onamia, MN has a population of 3,450, which has decreased by -3.1% over the past 5 years. Onamia, MN is a popular place for families, as children make up 26.6% 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 few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,450 | -3.1% |
% Under 18 | 26.6% | 6.4% |
% Seniors | 21.2% | 7.1% |
% WFH | 7.8% | 77.3% |
% w/ College Degree | 17.4% | 12.3% |
As of the latest ACS Survey released in 2023, Onamia, MN is a predominantly white area, with 65.3% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Onamia, MN is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.9% of the population in Onamia, MN, and this percentage has decreased by 52.6% 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 | 65.3% | 0.2% |
% Black | 0.6% | -53.8% |
% Hispanic | 1.9% | -38.7% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 0.9% | -52.6% |
Mortgage and Risk — Onamia, MN
According to HUD data as of 2023, there were 45 mortgage originations in Onamia, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Onamia, MN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Onamia, MN
Onamia, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | -$30 | $1,100 | $1,070 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Onamia, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $286,000 |
| Median Household Income | $57,900 |