Henning, MN—56551
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henning, MN
As of Oct '25, the median home price in Henning, MN is $262,000, with a year-over-year change of 0.3%. This indicates that home prices in Henning, MN are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 0.3% |
| Single Family | $262,000 | 0.0% |
| 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 — Henning, MN
Henning, 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 — Henning, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Henning, MN is 56. This is a increase of 21.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 51.0% |
Listing Count | 11 | -19.0% |
| Listings as % of Homes | 0.4% | -19.0% |
Days on Market | 56 | 21.0% |
Demographics — Henning, MN
As of the latest ACS Survey released in 2023, Henning, MN has a population of 2,340, which has increased by 15.2% over the past 5 years. Henning, MN is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 25.3% 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 | 2,340 | 15.2% |
% Under 18 | 19.8% | 3.7% |
% Seniors | 30.8% | 0.7% |
% WFH | 7.9% | -6.0% |
% w/ College Degree | 25.3% | 30.4% |
As of the latest ACS Survey released in 2023, Henning, MN is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Henning, MN is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.8% of the population in Henning, MN, and this percentage has increased by 460.0% 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 | 93.6% | -3.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.3% | 450.0% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 2.8% | 460.0% |
Mortgage and Risk — Henning, MN
According to HUD data as of 2023, there were 41 mortgage originations in Henning, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Henning, MN. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 2.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Henning, MN
Henning, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 6 |
% 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 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Henning, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $262,000 |
| Median Household Income | $63,800 |