Crookston, MN—56716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crookston, MN
As of Oct '25, the median home price in Crookston, MN is $183,000, with a year-over-year change of 3.9%. This indicates that home prices in Crookston, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $183,000 | 3.9% |
| Single Family | $184,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $124,000 | 5.1% |
3 Bed | $178,000 | 4.1% |
4 Bed | $220,000 | 5.8% |
| 5 Bed | $254,000 | 3.7% |
% of Housing Stock
Rental Trends — Crookston, MN
As of July '25, Rentcast reports the average rent in Crookston, MN is $888, with a year-over-year rent change of 29.4%. Per bedroom, the median rent as of July '25 in Crookston, MN is 1-bedrooms: $848, 2-bedrooms: $797, 3-bedrooms: $1,020. The most common rental property sizes in Crookston, MN are 2-bedroom and 3-bedroom, accounting for 34.9% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $805 | $888 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $848 | $848 |
| 2 Bed Rent | $795 | $797 |
| 3 Bed Rent | $965 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Crookston, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Crookston, MN is 86. This is a increase of 30.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $192,000 | -11.0% |
Listing Count | 51 | 19.0% |
| Listings as % of Homes | 0.9% | 19.0% |
Days on Market | 86 | 30.0% |
Demographics — Crookston, MN
As of the latest ACS Survey released in 2023, Crookston, MN has a population of 8,990, which has decreased by -3.1% over the past 5 years. Crookston, MN is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,990 | -3.1% |
% Under 18 | 18.6% | -18.8% |
% Seniors | 20.4% | 33.3% |
% WFH | 5.0% | -49.0% |
% w/ College Degree | 30.6% | 22.4% |
As of the latest ACS Survey released in 2023, Crookston, MN is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Crookston, MN is hispanic, making up 11.8% of the population. Foreign-born residents account for 2.8% of the population in Crookston, MN, and this percentage has decreased by 56.2% 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 | 79.4% | -2.1% |
% Black | 1.3% | -43.5% |
% Hispanic | 11.8% | 6.3% |
% Asian | 1.5% | -34.8% |
% Foreign Born | 2.8% | -56.2% |
Mortgage and Risk — Crookston, MN
According to HUD data as of 2023, there were 114 mortgage originations in Crookston, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Crookston, MN. Investor activity is low, as 11.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 114 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Crookston, MN
Crookston, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 353 |
Total Units Section 8 | 288 |
% Rentals under Section 8 | 20.9% |
% Occupied Section 8 | 68.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$108 | $848 | $740 |
| 2 Bedroom | $135 | $795 | $930 |
| 3 Bedroom | $345 | $965 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Crookston, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $183,000 |
| Median Household Income | $56,800 |