Barnesville, MN—56514
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Barnesville, MN
As of Oct '25, the median home price in Barnesville, MN is $299,000, with a year-over-year change of 1.5%. This indicates that home prices in Barnesville, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $299,000 | 1.5% |
| Single Family | $299,000 | 2.0% |
| 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 — Barnesville, MN
As of July '25, Rentcast reports the average rent in Barnesville, MN is $750, with a year-over-year rent change of -51.9%. Per bedroom, the median rent as of July '25 in Barnesville, MN is 1-bedrooms: $650, 2-bedrooms: $850. The most common rental property sizes in Barnesville, MN are 1-bedroom and 3-bedroom, accounting for 31.3% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Barnesville, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Barnesville, MN is 81. This is a increase of 54.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $276,000 | 9.0% |
Listing Count | 26 | 27.0% |
| Listings as % of Homes | 0.7% | 27.0% |
Days on Market | 81 | 54.0% |
Demographics — Barnesville, MN
As of the latest ACS Survey released in 2023, Barnesville, MN has a population of 4,060, which has increased by 10.4% over the past 5 years. Barnesville, MN is a popular place for families, as children make up 29.9% 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 few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,060 | 10.4% |
% Under 18 | 29.9% | 7.9% |
% Seniors | 14.4% | -8.3% |
% WFH | 8.3% | 18.6% |
% w/ College Degree | 32.1% | 15.9% |
As of the latest ACS Survey released in 2023, Barnesville, MN is a predominantly white area, with 94.5% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Barnesville, MN is asian, making up 1.7% of the population. Foreign-born residents account for 0.7% of the population in Barnesville, MN, and this percentage has increased by 40.0% 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 | 94.5% | 3.7% |
% Black | 0.1% | -92.9% |
% Hispanic | 0.9% | -74.3% |
% Asian | 1.7% | 750.0% |
% Foreign Born | 0.7% | 40.0% |
Mortgage and Risk — Barnesville, MN
According to HUD data as of 2023, there were 116 mortgage originations in Barnesville, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Barnesville, MN. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 116 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Barnesville, MN
Barnesville, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $650 | $760 |
| 2 Bedroom | $80 | $850 | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Barnesville, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $299,000 |
| Median Household Income | $88,700 |