Kelliher, MN—56650
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kelliher, MN
As of Oct '25, the median home price in Kelliher, MN is $180,000, with a year-over-year change of -3.1%. This indicates that home prices in Kelliher, MN are decreasing. 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 | $180,000 | -3.1% |
| Single Family | $180,000 | -3.2% |
| 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 — Kelliher, MN
Kelliher, 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 — Kelliher, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kelliher, MN is 175. This is a increase of 121.0% 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 | $214,000 | -32.0% |
Listing Count | 5 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 175 | 121.0% |
Demographics — Kelliher, MN
As of the latest ACS Survey released in 2023, Kelliher, MN has a population of 932, which has increased by 26.1% over the past 5 years. Kelliher, MN is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 932 | 26.1% |
% Under 18 | 21.0% | -1.9% |
% Seniors | 29.9% | 58.2% |
% WFH | 13.3% | 8.1% |
% w/ College Degree | 29.2% | 124.6% |
As of the latest ACS Survey released in 2023, Kelliher, MN is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Kelliher, MN is asian, making up 0.4% of the population. Foreign-born residents account for 0.6% of the population in Kelliher, MN, and this percentage has decreased by 62.5% 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 | 78.3% | -13.5% |
% Black | 0.2% | -60.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 0.6% | -62.5% |
Mortgage and Risk — Kelliher, MN
According to HUD data as of 2023, there were 15 mortgage originations in Kelliher, MN, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Kelliher, MN. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 7.0% |
% Second Loans | 27.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Kelliher, MN
Kelliher, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.0% |
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 — Kelliher, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $180,000 |
| Median Household Income | $78,800 |