Deer River, MN—56636
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Deer River, MN
Deer River, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | 3.0% |
| Single Family | $249,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 2.9% |
3 Bed | $296,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Deer River, MN
Deer River, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $595 | $698 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $595 |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Deer River, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Deer River, MN is 37. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | -30.0% |
Listing Count | 31 | 72.0% |
| Listings as % of Homes | 0.2% | 72.0% |
Days on Market | 37 | -10.0% |
Demographics — Deer River, MN
As of the latest ACS Survey released in 2023, Deer River, MN has a population of 4,680, which has decreased by -6.0% over the past 5 years. Deer River, MN is a moderately popular place for families, as children make up 19.6% of the population. The area has a poorly educated workforce, with 20.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,680 | -6.0% |
% Under 18 | 19.6% | -16.2% |
% Seniors | 24.4% | 8.0% |
% WFH | 8.3% | 53.7% |
% w/ College Degree | 20.1% | 11.7% |
As of the latest ACS Survey released in 2023, Deer River, MN is a predominantly white area, with 81.2% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Deer River, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.0% of the population in Deer River, MN, and this percentage has decreased by 23.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.2% | 7.3% |
% Black | 0.2% | -60.0% |
% Hispanic | 0.6% | -68.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -23.1% |
Mortgage and Risk — Deer River, MN
According to HUD data as of 2023, there were 51 mortgage originations in Deer River, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Deer River, MN. Investor activity is low, as 0.0% 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 | 51 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Deer River, MN
Deer River, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $595 | $770 |
| 2 Bedroom | $160 | $800 | $960 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Deer River, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $249,000 |
| Median Household Income | $59,900 |