Rice, MN 56367 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rice, MN—56367

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$339,000

3.4% YoY Growth

Household Income

$102,000

37.7% YoY Growth

Days on Market

17.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,200

45.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

N/A

3-Bed Rent

N/A

Home Price Trends — Rice, MN

As of Dec '25, the median home price in Rice, MN is $339,000, with a year-over-year change of 3.4%. This indicates that home prices in Rice, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$339,000	3.4%
Single Family	$339,000	3.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rice, MN

As of July '25, Rentcast reports the average rent in Rice, MN is $1,200, with a year-over-year rent change of -45.5%. Per bedroom, the median rent as of July '25 in Rice, MN is 2-bedrooms: $1,200. The most common rental property sizes in Rice, MN are 2-bedroom and 3-bedroom, accounting for 35.0% and 33.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,200
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,200
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

10.8%

2 Bedrooms

35.0%

3 Bedrooms

33.6%

4 Bedrooms

19.3%

5+ Bedrooms

1.3%

Property Listings — Rice, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Rice, MN is 47. This is a increase of 18.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$298,000	-10.0%
Listing Count	23	44.0%
Listings as % of Homes	0.7%	44.0%
Days on Market	70	17.0%

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Demographics — Rice, MN

As of the latest ACS Survey released in 2023, Rice, MN has a population of 7,230, which has increased by 9.3% over the past 5 years. Rice, MN is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,230	9.3%
% Under 18	24.4%	-13.2%
% Seniors	13.9%	10.3%
% WFH	8.7%	52.6%
% w/ College Degree	25.9%	24.5%

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As of the latest ACS Survey released in 2023, Rice, MN is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Rice, MN is hispanic, making up 2.2% of the population. Foreign-born residents account for 0.3% of the population in Rice, MN, and this percentage has decreased by 70.0% 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	93.6%	-2.3%
% Black	0.4%	33.3%
% Hispanic	2.2%	175.0%
% Asian	0.2%	-71.4%
% Foreign Born	0.3%	-70.0%

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Mortgage and Risk — Rice, MN

According to HUD data as of 2023, there were 110 mortgage originations in Rice, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Rice, MN. Investor activity is low, as 3.0% 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	110
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Rice, MN

Rice, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$840
2 Bedroom	-$100	$1,200	$1,100
3 Bedroom	N/A	N/A	$1,440
4 Bedroom	N/A	N/A	$1,720

Rice, MN—56367

Key Metrics at a Glance

Home Price Trends — Rice, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rice, MN

% of Rental Stock

Property Listings — Rice, MN

Demographics — Rice, MN

Race and Ethnicity

Mortgage and Risk — Rice, MN

Mortgages

Rentals and Section 8 — Rice, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Rice, MN

Home Price to Income Ratio

Rice, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Royalton, MN

Saint Stephen, MN

Sartell, MN

Sauk Rapids, MN

Saint Cloud, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$339,000
Median Household Income	$102,000

Rice, MN—56367

Key Metrics at a Glance

Home Price Trends — Rice, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rice, MN

% of Rental Stock

Property Listings — Rice, MN

Demographics — Rice, MN

Race and Ethnicity

Mortgage and Risk — Rice, MN

Mortgages

Rentals and Section 8 — Rice, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Rice, MN

Home Price to Income Ratio

Rice, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Royalton, MN

Saint Stephen, MN

Sartell, MN

Sauk Rapids, MN

Saint Cloud, MN

Frequently Asked Questions

What is the average home price in Rice, MN 56367?

How have home prices in Rice, MN 56367 changed over the past year?

What is the home price projection for Rice, MN 56367?

What are the demographics of Rice, MN 56367?

How long does it take homes to sell in Rice, MN 56367?

What is the average rent price in Rice, MN 56367?