Walker, MN—56484
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walker, MN
As of Oct '25, the median home price in Walker, MN is $348,000, with a year-over-year change of 4.8%. This indicates that home prices in Walker, 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 | $348,000 | 4.8% |
| Single Family | $349,000 | 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 | $312,000 | 3.7% |
3 Bed | $426,000 | 4.9% |
4 Bed | $548,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Walker, MN
Walker, 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 — Walker, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Walker, MN is 88. This is a decrease of -14.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | -33.0% |
Listing Count | 59 | 38.0% |
| Listings as % of Homes | 0.4% | 38.0% |
Days on Market | 88 | -14.0% |
Demographics — Walker, MN
As of the latest ACS Survey released in 2023, Walker, MN has a population of 3,250, which has decreased by -7.1% over the past 5 years. Walker, MN is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 32.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,250 | -7.1% |
% Under 18 | 16.7% | -25.8% |
% Seniors | 34.3% | 28.9% |
% WFH | 12.5% | 35.9% |
% w/ College Degree | 32.1% | 14.6% |
As of the latest ACS Survey released in 2023, Walker, MN is a predominantly white area, with 74.8% of the population identifying as white. The white population has grown by 5.6% in the last 5 years. The second most common race or ethnicity in Walker, MN is hispanic, making up 2.5% of the population. Foreign-born residents account for 2.7% of the population in Walker, MN, and this percentage has increased by 200.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.8% | 5.6% |
% Black | 0.6% | -25.0% |
% Hispanic | 2.5% | 127.3% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 2.7% | 200.0% |
Mortgage and Risk — Walker, MN
According to HUD data as of 2023, there were 73 mortgage originations in Walker, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Walker, MN. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 32.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Walker, MN
Walker, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Walker, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $348,000 |
| Median Household Income | $64,700 |