Lastrup, MN 56364 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lastrup, MN—56364

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$332,000

2.2% YoY Growth

Household Income

$77,400

31.1% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$332,000	2.2%
Single Family	$332,000	2.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

4.3%

1 Bedroom

26.5%

2 Bedrooms

25.3%

3 Bedrooms

32.9%

4 Bedrooms

7.9%

5+ Bedrooms

3.0%

Property Listings — Lastrup, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Lastrup, MN is 59. This is a increase of 3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$410,000	40.0%
Listing Count	8	12.0%
Listings as % of Homes	0.3%	12.0%
Days on Market	61	6.0%

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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%

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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%

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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%

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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

Lastrup, MN—56364

Key Metrics at a Glance

Home Price Trends — Lastrup, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lastrup, MN

% of Rental Stock

Property Listings — Lastrup, MN

Demographics — Lastrup, MN

Race and Ethnicity

Mortgage and Risk — Lastrup, MN

Mortgages

Rentals and Section 8 — Lastrup, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lastrup, MN

Home Price to Income Ratio

Lastrup, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Hillman, MN

Royalton, MN

Fort Ripley, MN

Rice, MN

Brainerd, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$332,000
Median Household Income	$77,400

Lastrup, MN—56364

Key Metrics at a Glance

Home Price Trends — Lastrup, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lastrup, MN

% of Rental Stock

Property Listings — Lastrup, MN

Demographics — Lastrup, MN

Race and Ethnicity

Mortgage and Risk — Lastrup, MN

Mortgages

Rentals and Section 8 — Lastrup, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Lastrup, MN

Home Price to Income Ratio

Lastrup, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Hillman, MN

Royalton, MN

Fort Ripley, MN

Rice, MN

Brainerd, MN

Frequently Asked Questions

What is the average home price in Lastrup, MN 56364?

How have home prices in Lastrup, MN 56364 changed over the past year?

What is the home price projection for Lastrup, MN 56364?

What are the demographics of Lastrup, MN 56364?

How long does it take homes to sell in Lastrup, MN 56364?

What is the average rent price in Lastrup, MN 56364?