Blackduck, MN—56630
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackduck, MN
As of Oct '25, the median home price in Blackduck, MN is $184,000, with a year-over-year change of -1.1%. This indicates that home prices in Blackduck, MN are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $184,000 | -1.2% |
| Single Family | $184,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $169,000 | -1.7% |
3 Bed | $210,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blackduck, MN
Blackduck, 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 — Blackduck, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Blackduck, MN is 105. This is a increase of 9.0% 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 | $315,000 | -4.0% |
Listing Count | 14 | 10.0% |
| Listings as % of Homes | 0.7% | 10.0% |
Days on Market | 105 | 9.0% |
Demographics — Blackduck, MN
As of the latest ACS Survey released in 2023, Blackduck, MN has a population of 2,080, which has decreased by -6.1% over the past 5 years. Blackduck, MN is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | -6.1% |
% Under 18 | 20.6% | -20.8% |
% Seniors | 23.2% | 17.2% |
% WFH | 8.0% | 128.6% |
% w/ College Degree | 20.6% | 53.7% |
As of the latest ACS Survey released in 2023, Blackduck, MN is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Blackduck, MN is hispanic, making up 5.8% of the population. Foreign-born residents account for 1.3% of the population in Blackduck, MN, and this percentage has increased by 44.4% 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 | 82.3% | -5.6% |
% Black | 0.1% | -95.2% |
% Hispanic | 5.8% | 176.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | 44.4% |
Mortgage and Risk — Blackduck, MN
According to HUD data as of 2023, there were 45 mortgage originations in Blackduck, MN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Blackduck, MN. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Blackduck, MN
Blackduck, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Blackduck, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $184,000 |
| Median Household Income | $51,900 |