Aitkin, MN—56431
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aitkin, MN
Aitkin, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 2.6% |
| Single Family | $308,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $263,000 | 4.8% |
2 Bed | $317,000 | 3.3% |
3 Bed | $370,000 | 2.5% |
4 Bed | $424,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Aitkin, MN
As of July '25, Rentcast reports the average rent in Aitkin, MN is $1,270, with a year-over-year rent change of -20.6%. Per bedroom, the median rent as of July '25 in Aitkin, MN is 2-bedrooms: $1,200, 3-bedrooms: $1,350. The most common rental property sizes in Aitkin, MN are 2-bedroom and 1-bedroom, accounting for 31.9% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Aitkin, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Aitkin, MN is 68. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $402,000 | 1.0% |
Listing Count | 49 | -4.0% |
| Listings as % of Homes | 0.3% | -4.0% |
Days on Market | 68 | 0.0% |
Demographics — Aitkin, MN
As of the latest ACS Survey released in 2023, Aitkin, MN has a population of 9,140, which has increased by 3.5% over the past 5 years. Aitkin, MN is a moderately popular place for families, as children make up 15.9% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,140 | 3.5% |
% Under 18 | 15.9% | -6.5% |
% Seniors | 35.4% | 8.3% |
% WFH | 12.6% | 162.5% |
% w/ College Degree | 21.1% | 11.6% |
As of the latest ACS Survey released in 2023, Aitkin, MN is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Aitkin, MN is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.6% of the population in Aitkin, MN, and this percentage has decreased by 57.1% 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 | 94.6% | -0.5% |
% Black | 0.7% | 16.7% |
% Hispanic | 1.5% | -11.8% |
% Asian | 0.1% | -83.3% |
% Foreign Born | 0.6% | -57.1% |
Mortgage and Risk — Aitkin, MN
According to HUD data as of 2023, there were 164 mortgage originations in Aitkin, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Aitkin, MN. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Aitkin, MN
Aitkin, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 144 |
Total Units Section 8 | 84 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | -$200 | $1,200 | $1,000 |
| 3 Bedroom | -$60 | $1,350 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Aitkin, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $307,000 |
| Median Household Income | $64,800 |