Staples, MN—56479
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Staples, MN
Staples, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 2.9% |
| Single Family | $203,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 4.9% |
3 Bed | $222,000 | 2.3% |
4 Bed | $268,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Staples, MN
As of July '25, Rentcast reports the average rent in Staples, MN is $859, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Staples, MN is 1-bedrooms: $672, 2-bedrooms: $832, 3-bedrooms: $1,290, 4-bedrooms: $1,400. The most common rental property sizes in Staples, MN are 2-bedroom and 1-bedroom, accounting for 45.0% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $859 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $672 |
| 2 Bed Rent | $795 | $832 |
| 3 Bed Rent | $1,180 | $1,290 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Staples, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Staples, MN is 40. This is a increase of 40.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | 81.0% |
Listing Count | 24 | 11.0% |
| Listings as % of Homes | 0.6% | 11.0% |
Days on Market | 40 | 40.0% |
Demographics — Staples, MN
As of the latest ACS Survey released in 2023, Staples, MN has a population of 5,020, which has decreased by -2.5% over the past 5 years. Staples, MN is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,020 | -2.5% |
% Under 18 | 26.4% | 35.4% |
% Seniors | 24.3% | 13.0% |
% WFH | 7.6% | 137.5% |
% w/ College Degree | 22.7% | 34.3% |
As of the latest ACS Survey released in 2023, Staples, MN is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Staples, MN is hispanic, making up 6.5% of the population. Foreign-born residents account for 0.4% of the population in Staples, MN, and this percentage has decreased by 63.6% 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 | 86.1% | -8.7% |
% Black | 1.3% | 85.7% |
% Hispanic | 6.5% | 150.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -63.6% |
Mortgage and Risk — Staples, MN
According to HUD data as of 2023, there were 109 mortgage originations in Staples, MN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Staples, MN. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Staples, MN
Staples, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 158 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 59.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $650 | $880 |
| 2 Bedroom | $315 | $795 | $1,110 |
| 3 Bedroom | $290 | $1,180 | $1,470 |
| 4 Bedroom | $170 | $1,400 | $1,570 |
Affordability — Staples, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $203,000 |
| Median Household Income | $58,000 |