Bagley, MN—56621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bagley, MN
Bagley, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | 9.4% |
| Single Family | $226,000 | 10.2% |
| 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 — Bagley, MN
Bagley, 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 — Bagley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bagley, MN is 91. This is a increase of 23.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $434,000 | 8.0% |
Listing Count | 14 | -23.0% |
| Listings as % of Homes | 0.3% | -23.0% |
Days on Market | 91 | 23.0% |
Demographics — Bagley, MN
As of the latest ACS Survey released in 2023, Bagley, MN has a population of 4,360, which has decreased by -10.6% over the past 5 years. Bagley, MN is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,360 | -10.6% |
% Under 18 | 23.0% | -15.4% |
% Seniors | 21.7% | 11.3% |
% WFH | 6.7% | 21.8% |
% w/ College Degree | 18.5% | 24.2% |
As of the latest ACS Survey released in 2023, Bagley, MN is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Bagley, MN is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.7% of the population in Bagley, MN, and this percentage has increased by 54.5% 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 | 79.2% | -2.0% |
% Black | 0.3% | -57.1% |
% Hispanic | 1.3% | -43.5% |
% Asian | 1.1% | 266.7% |
% Foreign Born | 1.7% | 54.5% |
Mortgage and Risk — Bagley, MN
According to HUD data as of 2023, there were 63 mortgage originations in Bagley, MN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Bagley, MN. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bagley, MN
Bagley, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 80 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Bagley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $226,000 |
| Median Household Income | $63,800 |