Tobique, MN—56672
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tobique, MN
As of Oct '25, the median home price in Tobique, MN is $298,000, with a year-over-year change of 4.8%. This indicates that home prices in Tobique, MN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 4.8% |
| Single Family | $298,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $306,000 | 4.4% |
3 Bed | $375,000 | 4.5% |
4 Bed | $448,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tobique, MN
Tobique, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $694 | $694 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $694 | $694 |
| 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 — Tobique, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Tobique, MN is 62. This is a increase of 8.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 4.0% |
Listing Count | 21 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 62 | 8.0% |
Demographics — Tobique, MN
As of the latest ACS Survey released in 2023, Tobique, MN has a population of 1,960, which has decreased by -2.4% over the past 5 years. Tobique, MN is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,960 | -2.4% |
% Under 18 | 16.0% | -4.8% |
% Seniors | 33.9% | 6.9% |
% WFH | 17.2% | 53.6% |
% w/ College Degree | 24.2% | 44.9% |
As of the latest ACS Survey released in 2023, Tobique, MN is a predominantly white area, with 82.6% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Tobique, MN is hispanic, making up 1.0% of the population. Foreign-born residents account for 0.6% of the population in Tobique, MN, and this percentage has decreased by 25.0% 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 | 82.6% | -3.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.0% | -28.6% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 0.6% | -25.0% |
Mortgage and Risk — Tobique, MN
According to HUD data as of 2023, there were 45 mortgage originations in Tobique, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Tobique, MN. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 33.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Tobique, MN
Tobique, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $146 | $694 | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Tobique, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $298,000 |
| Median Household Income | $60,300 |