Verndale, MN—56481
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Verndale, MN
Verndale, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $243,000 | 0.5% |
| Single Family | $243,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Verndale, MN
Verndale, 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 — Verndale, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Verndale, MN is 64. This is a increase of 28.0% 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 | $400,000 | 42.0% |
Listing Count | 7 | 36.0% |
| Listings as % of Homes | 0.5% | 36.0% |
Days on Market | 64 | 28.0% |
Demographics — Verndale, MN
As of the latest ACS Survey released in 2023, Verndale, MN has a population of 2,330, which has increased by 19.9% over the past 5 years. Verndale, MN is a popular place for families, as children make up 29.6% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,330 | 19.9% |
% Under 18 | 29.6% | 14.7% |
% Seniors | 17.4% | -12.1% |
% WFH | 6.4% | 4.9% |
% w/ College Degree | 16.0% | 9.6% |
As of the latest ACS Survey released in 2023, Verndale, MN is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Verndale, MN is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.6% of the population in Verndale, MN, and this percentage has decreased by 33.3% 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 | 87.2% | -8.9% |
% Black | 0.5% | 400.0% |
% Hispanic | 0.8% | -33.3% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 0.6% | -33.3% |
Mortgage and Risk — Verndale, MN
Verndale, 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 — Verndale, MN
Verndale, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Verndale, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $243,000 |
| Median Household Income | $69,700 |