Lastrup, MN—56364
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lastrup, MN
Lastrup, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 2.3% |
| Single Family | $335,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | 2.8% |
3 Bed | $333,000 | 2.1% |
4 Bed | $367,000 | 3.1% |
| 5 Bed | $438,000 | 1.9% |
% of Housing Stock
Rental Trends — Lastrup, MN
Lastrup, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lastrup, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Lastrup, MN is 41. This is a increase of 22.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $474,000 | 39.0% |
Listing Count | 11 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 41 | 22.0% |
Demographics — Lastrup, MN
As of the latest ACS Survey released in 2023, Lastrup, MN has a population of 5,800, which has increased by 3.1% over the past 5 years. Lastrup, MN is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 16.0% 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 | 5,800 | 3.1% |
% Under 18 | 26.8% | 4.3% |
% Seniors | 17.9% | 1.7% |
% WFH | 7.8% | -4.9% |
% w/ College Degree | 16.0% | 19.4% |
As of the latest ACS Survey released in 2023, Lastrup, MN is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Lastrup, MN is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.6% of the population in Lastrup, MN, and this percentage has decreased by 60.0% 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 | 95.4% | -2.0% |
% Black | 0.4% | 300.0% |
% Hispanic | 1.5% | 25.0% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 0.6% | -60.0% |
Mortgage and Risk — Lastrup, MN
According to HUD data as of 2023, there were 87 mortgage originations in Lastrup, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Lastrup, MN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lastrup, MN
Lastrup, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Lastrup, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $335,000 |
| Median Household Income | $77,400 |