Menahga, MN—56464
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Menahga, MN
Menahga, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | 0.0% |
| Single Family | $261,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $264,000 | 1.1% |
3 Bed | $314,000 | 0.6% |
4 Bed | $341,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Menahga, MN
Menahga, 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 — Menahga, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Menahga, MN is 53. This is a decrease of -44.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $406,000 | 5.0% |
Listing Count | 35 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 53 | -44.0% |
Demographics — Menahga, MN
As of the latest ACS Survey released in 2023, Menahga, MN has a population of 5,090, which has increased by 10.6% over the past 5 years. Menahga, MN is a popular place for families, as children make up 33.2% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,090 | 10.6% |
% Under 18 | 33.2% | 9.6% |
% Seniors | 19.9% | 16.4% |
% WFH | 10.1% | -2.9% |
% w/ College Degree | 21.8% | 44.4% |
As of the latest ACS Survey released in 2023, Menahga, MN is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Menahga, MN is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.2% of the population in Menahga, MN, and this percentage has decreased by 7.7% 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 | 94.2% | -1.3% |
% Black | 0.1% | -87.5% |
% Hispanic | 1.6% | 45.5% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 1.2% | -7.7% |
Mortgage and Risk — Menahga, MN
According to HUD data as of 2023, there were 78 mortgage originations in Menahga, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Menahga, MN. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Menahga, MN
Menahga, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Menahga, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $261,000 |
| Median Household Income | $70,500 |