Bemidji, MN—56601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bemidji, MN
As of Oct '25, the median home price in Bemidji, MN is $276,000, with a year-over-year change of 4.1%. This indicates that home prices in Bemidji, MN are increasing. 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 | $276,000 | 4.1% |
| Single Family | $276,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $238,000 | 2.1% |
2 Bed | $246,000 | 3.4% |
3 Bed | $284,000 | 3.6% |
4 Bed | $334,000 | 3.7% |
| 5 Bed | $356,000 | 3.2% |
% of Housing Stock
Rental Trends — Bemidji, MN
As of July '25, Rentcast reports the average rent in Bemidji, MN is $1,380, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Bemidji, MN is studios: $638, 1-bedrooms: $992, 2-bedrooms: $1,050, 3-bedrooms: $1,460, 4-bedrooms: $1,900. The most common rental property sizes in Bemidji, MN are 2-bedroom and 1-bedroom, accounting for 44.6% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,380 |
| Studio Rent | $625 | $638 |
| 1 Bed Rent | $950 | $992 |
| 2 Bed Rent | $1,000 | $1,050 |
| 3 Bed Rent | $1,400 | $1,460 |
| 4 Bed Rent | $1,750 | $1,900 |
% of Rental Stock
Property Listings — Bemidji, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bemidji, MN is 67. This is a increase of 30.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | -1.0% |
Listing Count | 188 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 67 | 30.0% |
Demographics — Bemidji, MN
As of the latest ACS Survey released in 2023, Bemidji, MN has a population of 34,700, which has increased by 1.2% over the past 5 years. Bemidji, MN is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,700 | 1.2% |
% Under 18 | 22.7% | 2.3% |
% Seniors | 17.8% | 10.6% |
% WFH | 8.9% | 29.0% |
% w/ College Degree | 37.8% | 10.5% |
As of the latest ACS Survey released in 2023, Bemidji, MN is a predominantly white area, with 80.4% 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 Bemidji, MN is hispanic, making up 2.8% of the population. Foreign-born residents account for 2.0% of the population in Bemidji, MN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -3.1% |
% Black | 1.8% | 38.5% |
% Hispanic | 2.8% | 33.3% |
% Asian | 0.7% | -41.7% |
% Foreign Born | 2.0% | 0.0% |
Mortgage and Risk — Bemidji, MN
According to HUD data as of 2023, there were 488 mortgage originations in Bemidji, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Bemidji, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 488 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Bemidji, MN
Bemidji, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 569 |
Total Units Section 8 | 449 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 65.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $950 | $830 |
| 2 Bedroom | $90 | $1,000 | $1,090 |
| 3 Bedroom | -$80 | $1,400 | $1,320 |
| 4 Bedroom | -$190 | $1,750 | $1,560 |
Affordability — Bemidji, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $276,000 |
| Median Household Income | $69,800 |