Afton, MN—55001
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Afton, MN
As of Oct '25, the median home price in Afton, MN is $704,000, with a year-over-year change of 3.3%. This indicates that home prices in Afton, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $704,000 | 3.3% |
| Single Family | $705,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $575,000 | 4.0% |
3 Bed | $635,000 | 4.1% |
4 Bed | $773,000 | 3.1% |
| 5 Bed | $964,000 | 3.3% |
% of Housing Stock
Rental Trends — Afton, MN
Afton, 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 — Afton, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Afton, MN is 38. This is a decrease of -15.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,120,000 | 64.0% |
Listing Count | 10 | -25.0% |
| Listings as % of Homes | 0.5% | -25.0% |
Days on Market | 38 | -15.0% |
Demographics — Afton, MN
As of the latest ACS Survey released in 2023, Afton, MN has a population of 2,960, which has decreased by -2.1% over the past 5 years. Afton, MN is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 60.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,960 | -2.1% |
% Under 18 | 20.3% | 0.5% |
% Seniors | 23.1% | 0.4% |
% WFH | 22.8% | 174.7% |
% w/ College Degree | 60.1% | 8.1% |
As of the latest ACS Survey released in 2023, Afton, MN is a predominantly white area, with 91.1% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Afton, MN is asian, making up 2.9% of the population. Foreign-born residents account for 5.5% of the population in Afton, MN, and this percentage has decreased by 29.5% 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 | 91.1% | 0.4% |
% Black | 0.2% | -84.6% |
% Hispanic | 1.3% | -58.1% |
% Asian | 2.9% | -17.1% |
% Foreign Born | 5.5% | -29.5% |
Mortgage and Risk — Afton, MN
According to HUD data as of 2023, there were 93 mortgage originations in Afton, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Afton, MN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Afton, MN
Afton, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 0 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,450 |
| 2 Bedroom | N/A | N/A | $1,770 |
| 3 Bedroom | N/A | N/A | $2,350 |
| 4 Bedroom | N/A | N/A | $2,630 |
Affordability — Afton, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $704,000 |
| Median Household Income | $131,000 |