Fosston, MN—56542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fosston, MN
As of Oct '25, the median home price in Fosston, MN is $211,000, with a year-over-year change of 9.2%. This indicates that home prices in Fosston, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | 9.2% |
| Single Family | $211,000 | 9.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 11.0% |
3 Bed | $208,000 | 10.1% |
4 Bed | $229,000 | 10.1% |
| 5 Bed | $277,000 | 9.5% |
% of Housing Stock
Rental Trends — Fosston, MN
Fosston, 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 — Fosston, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fosston, MN is 35. This is a increase of 32.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | 18.0% |
Listing Count | 14 | -28.0% |
| Listings as % of Homes | 0.4% | -28.0% |
Days on Market | 35 | 32.0% |
Demographics — Fosston, MN
As of the latest ACS Survey released in 2023, Fosston, MN has a population of 2,440, which has decreased by -14.2% over the past 5 years. Fosston, MN is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | -14.2% |
% Under 18 | 24.0% | 12.7% |
% Seniors | 25.1% | 1.6% |
% WFH | 7.9% | 139.4% |
% w/ College Degree | 24.6% | 0.4% |
As of the latest ACS Survey released in 2023, Fosston, MN is a predominantly white area, with 92.6% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Fosston, MN is hispanic, making up 1.9% of the population. Foreign-born residents account for 1.3% of the population in Fosston, MN, and this percentage has decreased by 18.8% 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 | 92.6% | 0.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.9% | -29.6% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 1.3% | -18.8% |
Mortgage and Risk — Fosston, MN
According to HUD data as of 2023, there were 43 mortgage originations in Fosston, MN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Fosston, MN. Investor activity is low, as 2.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 43 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Fosston, MN
Fosston, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 75 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 18.4% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Fosston, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $211,000 |
| Median Household Income | $57,800 |