Erhard, MN—56534
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Erhard, MN
As of Oct '25, the median home price in Erhard, MN is $307,000, with a year-over-year change of 0.7%. This indicates that home prices in Erhard, MN are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 0.7% |
| Single Family | $307,000 | 1.0% |
| 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 — Erhard, MN
Erhard, 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 — Erhard, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Erhard, MN is 88. This is a decrease of -17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $423,000 | -27.0% |
Listing Count | 7 | 75.0% |
| Listings as % of Homes | 0.1% | 75.0% |
Days on Market | 88 | -17.0% |
Demographics — Erhard, MN
As of the latest ACS Survey released in 2023, Erhard, MN has a population of 1,290, which has increased by 3.3% over the past 5 years. Erhard, MN is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,290 | 3.3% |
% Under 18 | 23.5% | 18.7% |
% Seniors | 22.3% | 13.8% |
% WFH | 11.9% | 221.6% |
% w/ College Degree | 20.8% | 23.1% |
As of the latest ACS Survey released in 2023, Erhard, MN is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Erhard, MN is hispanic, making up 4.3% of the population. Foreign-born residents account for 1.2% of the population in Erhard, MN, and this percentage has increased by 71.4% 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 | 92.6% | -2.4% |
% Black | 0.1% | -50.0% |
% Hispanic | 4.3% | 330.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.2% | 71.4% |
Mortgage and Risk — Erhard, MN
Erhard, 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 — Erhard, MN
Erhard, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% 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 | $1,010 |
| 2 Bedroom | N/A | N/A | $1,330 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | N/A | N/A | $1,940 |
Affordability — Erhard, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $307,000 |
| Median Household Income | $71,900 |