Hawley, MN—56549
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hawley, MN
As of Oct '25, the median home price in Hawley, MN is $390,000, with a year-over-year change of 2.2%. This indicates that home prices in Hawley, 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 | $390,000 | 2.3% |
| Single Family | $390,000 | 2.9% |
| 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 — Hawley, MN
As of July '25, Rentcast reports the average rent in Hawley, MN is $1,010, with a year-over-year rent change of 39.3%. Per bedroom, the median rent as of July '25 in Hawley, MN is 2-bedrooms: $1,010. The most common rental property sizes in Hawley, MN are 1-bedroom and 2-bedroom, accounting for 37.1% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,010 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,010 | $1,010 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hawley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hawley, MN is 61. This is a increase of 40.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $587,000 | 50.0% |
Listing Count | 18 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 61 | 40.0% |
Demographics — Hawley, MN
As of the latest ACS Survey released in 2023, Hawley, MN has a population of 4,660, which has decreased by -3.5% over the past 5 years. Hawley, MN is a popular place for families, as children make up 28.6% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,660 | -3.5% |
% Under 18 | 28.6% | 1.4% |
% Seniors | 18.4% | 36.3% |
% WFH | 14.3% | 58.9% |
% w/ College Degree | 35.9% | 30.1% |
As of the latest ACS Survey released in 2023, Hawley, MN is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Hawley, MN is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.2% of the population in Hawley, MN, and this percentage has decreased by 80.0% 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 | 96.8% | 2.8% |
% Black | 0.4% | 0.0% |
% Hispanic | 1.4% | -22.2% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 0.2% | -80.0% |
Mortgage and Risk — Hawley, MN
According to HUD data as of 2023, there were 137 mortgage originations in Hawley, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Hawley, MN. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Hawley, MN
Hawley, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 16.4% |
% Occupied Section 8 | 81.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | -$80 | $1,010 | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Hawley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $390,000 |
| Median Household Income | $100,000 |