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Blackduck, MN—56630

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$188,000
1.8% YoY Growth
Household Income
$51,900
15.3% YoY Growth
Days on Market
159
74.0% Longer YoY
Home Price Forecast
2.7%
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Blackduck, MN

As of Dec '25, the median home price in Blackduck, MN is $188,000, with a year-over-year change of -1.8%. This indicates that home prices in Blackduck, MN are decreasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$188,000-1.8%
Single Family $188,000-2.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$170,000-1.2%
    3 Bed
    		$209,0004.0%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    10.1%
    1 Bedroom
    11.0%
    2 Bedrooms
    27.5%
    3 Bedrooms
    31.2%
    4 Bedrooms
    16.3%
    5+ Bedrooms
    3.8%

    Rental Trends — Blackduck, MN

    Blackduck, MN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    16.8%
    1 Bedroom
    20.0%
    2 Bedrooms
    33.5%
    3 Bedrooms
    18.9%
    4 Bedrooms
    8.1%
    5+ Bedrooms
    2.7%

    Property Listings — Blackduck, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Blackduck, MN is 136. This is a increase of 45.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$153,000-29.0%
    Listing Count
    		83.0%
    Listings as % of Homes0.7%3.0%
    Days on Market
    		15974.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$770
    2 BedroomN/AN/A$1,010
    3 BedroomN/AN/A$1,220
    4 BedroomN/AN/A$1,420

    Affordability — Blackduck, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$188,000
    Median Household Income$51,900

    Blackduck, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hines, MN

    56647

    Pennington, MN

    56663

    Tenstrike, MN

    56683

    Kelliher, MN

    56650

    Dunbar, MN

    56681

    Frequently Asked Questions