Osakis, MN—56360
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Osakis, MN
Osakis, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 0.5% |
| Single Family | $276,000 | -0.4% |
| 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 | $305,000 | 0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Osakis, MN
As of July '25, Rentcast reports the average rent in Osakis, MN is $1,280, with a year-over-year rent change of 121.8%. Per bedroom, the median rent as of July '25 in Osakis, MN is 2-bedrooms: $1,280. The most common rental property sizes in Osakis, MN are 1-bedroom and 2-bedroom, accounting for 43.2% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,280 | $1,280 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Osakis, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Osakis, MN is 85. 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $309,000 | -18.0% |
Listing Count | 18 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 85 | 12.0% |
Demographics — Osakis, MN
As of the latest ACS Survey released in 2023, Osakis, MN has a population of 3,740, which has remained stable by 0.2% over the past 5 years. Osakis, MN is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,740 | 0.2% |
% Under 18 | 18.9% | -10.0% |
% Seniors | 29.7% | 19.3% |
% WFH | 9.8% | 8.9% |
% w/ College Degree | 19.5% | 14.0% |
As of the latest ACS Survey released in 2023, Osakis, MN is a predominantly white area, with 96.9% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Osakis, MN is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.3% of the population in Osakis, MN, and this percentage has decreased by 40.0% 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 | 96.9% | -1.1% |
% Black | 0.5% | 150.0% |
% Hispanic | 0.8% | 33.3% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.3% | -40.0% |
Mortgage and Risk — Osakis, MN
According to HUD data as of 2023, there were 97 mortgage originations in Osakis, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Osakis, MN. Investor activity is low, as 3.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 97 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Osakis, MN
Osakis, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | -$200 | $1,280 | $1,080 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Osakis, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $274,000 |
| Median Household Income | $65,400 |