Shafer, MN—55074
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shafer, MN
As of Nov '25, the median home price in Shafer, MN is $356,000, with a year-over-year change of -0.3%. This indicates that home prices in Shafer, MN are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | -0.3% |
| Single Family | $356,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | 2.8% |
3 Bed | $355,000 | 2.3% |
4 Bed | $400,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shafer, MN
Shafer, 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 — Shafer, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Shafer, MN is 22. This is a increase of 49.0% 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 | $600,000 | 6.0% |
Listing Count | 7 | -37.0% |
| Listings as % of Homes | 0.7% | -37.0% |
Days on Market | 22 | 49.0% |
Demographics — Shafer, MN
As of the latest ACS Survey released in 2023, Shafer, MN has a population of 2,260, which has decreased by -5.0% over the past 5 years. Shafer, MN is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,260 | -5.0% |
% Under 18 | 23.1% | -13.2% |
% Seniors | 13.1% | 42.4% |
% WFH | 10.4% | 100.0% |
% w/ College Degree | 24.3% | 11.0% |
As of the latest ACS Survey released in 2023, Shafer, MN is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Shafer, MN is hispanic, making up 3.8% of the population. Foreign-born residents account for 3.0% of the population in Shafer, MN, and this percentage has increased by 172.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.4% | -9.9% |
% Black | 0.3% | 200.0% |
% Hispanic | 3.8% | 22.6% |
% Asian | 2.3% | 2,200.0% |
% Foreign Born | 3.0% | 172.7% |
Mortgage and Risk — Shafer, MN
Shafer, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Shafer, MN
Shafer, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Shafer, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $356,000 |
| Median Household Income | $105,000 |