Garrison, MN—56450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garrison, MN
As of Oct '25, the median home price in Garrison, MN is $269,000, with a year-over-year change of 4.5%. This indicates that home prices in Garrison, MN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 4.5% |
| Single Family | $276,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | 5.5% |
3 Bed | $345,000 | 3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garrison, MN
As of July '25, Rentcast reports the average rent in Garrison, MN is $1,020, with a year-over-year rent change of 24.1%. Per bedroom, the median rent as of July '25 in Garrison, MN is 1-bedrooms: $1,100, 2-bedrooms: $945. The most common rental property sizes in Garrison, MN are 2-bedroom and 1-bedroom, accounting for 64.8% and 16.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $945 | $945 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Garrison, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Garrison, MN is 56. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $232,000 | -30.0% |
Listing Count | 28 | 58.0% |
| Listings as % of Homes | 0.8% | 58.0% |
Days on Market | 56 | -4.0% |
Demographics — Garrison, MN
As of the latest ACS Survey released in 2023, Garrison, MN has a population of 969, which has increased by 3.9% over the past 5 years. Garrison, MN is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 969 | 3.9% |
% Under 18 | 16.5% | 55.7% |
% Seniors | 32.8% | -19.2% |
% WFH | 7.5% | 212.5% |
% w/ College Degree | 18.0% | 29.5% |
As of the latest ACS Survey released in 2023, Garrison, MN is a predominantly white area, with 79.8% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Garrison, MN is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.3% of the population in Garrison, MN, and this percentage has decreased by 81.2% 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 | 79.8% | -12.1% |
% Black | 0.3% | ∞% |
% Hispanic | 0.7% | -63.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -81.2% |
Mortgage and Risk — Garrison, MN
Garrison, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Garrison, MN
Garrison, 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 | -$200 | $1,100 | $900 |
| 2 Bedroom | $235 | $945 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,910 |
Affordability — Garrison, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $269,000 |
| Median Household Income | $59,100 |