Pillager, MN—56473
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pillager, MN
As of Oct '25, the median home price in Pillager, MN is $320,000, with a year-over-year change of 6.0%. This indicates that home prices in Pillager, MN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $320,000 | 6.0% |
| Single Family | $320,000 | 6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $299,000 | 5.7% |
3 Bed | $341,000 | 5.9% |
4 Bed | $412,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pillager, MN
As of July '25, Rentcast reports the average rent in Pillager, MN is $1,640, with a year-over-year rent change of 64.2%. Per bedroom, the median rent as of July '25 in Pillager, MN is 2-bedrooms: $1,180, 4-bedrooms: $2,100. The most common rental property sizes in Pillager, MN are 2-bedroom and 3-bedroom, accounting for 45.0% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,180 | $1,180 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,900 | $2,100 |
% of Rental Stock
Property Listings — Pillager, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pillager, MN is 92. This is a increase of 53.0% 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 | $525,000 | 19.0% |
Listing Count | 9 | 22.0% |
| Listings as % of Homes | 0.4% | 22.0% |
Days on Market | 92 | 53.0% |
Demographics — Pillager, MN
As of the latest ACS Survey released in 2023, Pillager, MN has a population of 3,450, which has remained stable by -1.0% over the past 5 years. Pillager, MN is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,450 | -1.0% |
% Under 18 | 21.6% | -9.6% |
% Seniors | 19.2% | 17.1% |
% WFH | 6.6% | 20.0% |
% w/ College Degree | 23.7% | 31.7% |
As of the latest ACS Survey released in 2023, Pillager, MN is a predominantly white area, with 95.7% of the population identifying as white. The white population has grown by 4.7% in the last 5 years. The second most common race or ethnicity in Pillager, MN is asian, making up 0.2% of the population. Foreign-born residents account for 0.7% of the population in Pillager, MN, and this percentage has decreased by 53.3% 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 | 95.7% | 4.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.2% | -97.4% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.7% | -53.3% |
Mortgage and Risk — Pillager, MN
According to HUD data as of 2023, there were 157 mortgage originations in Pillager, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Pillager, MN. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Pillager, MN
Pillager, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% 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 | -$250 | $1,180 | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | -$400 | $1,900 | $1,500 |
Affordability — Pillager, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $320,000 |
| Median Household Income | $79,200 |