Welch, MN—55089
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Welch, MN
As of Oct '25, the median home price in Welch, MN is $474,000, with a year-over-year change of 1.8%. This indicates that home prices in Welch, MN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $474,000 | 1.8% |
| Single Family | $474,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $471,000 | 4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Welch, MN
Welch, 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 — Welch, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Welch, MN is 119. This is a decrease of -46.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | -33.0% |
Listing Count | 4 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 119 | -46.0% |
Demographics — Welch, MN
As of the latest ACS Survey released in 2023, Welch, MN has a population of 1,760, which has decreased by -4.5% over the past 5 years. Welch, MN is a moderately popular place for families, as children make up 20.2% 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 some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,760 | -4.5% |
% Under 18 | 20.2% | 2.5% |
% Seniors | 19.5% | 21.1% |
% WFH | 11.0% | 144.4% |
% w/ College Degree | 30.6% | 31.9% |
As of the latest ACS Survey released in 2023, Welch, MN is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Welch, MN is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.8% of the population in Welch, MN, and this percentage has increased by 28.6% 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 | 76.2% | -10.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.8% | 442.9% |
% Asian | 0.9% | 0.0% |
% Foreign Born | 1.8% | 28.6% |
Mortgage and Risk — Welch, MN
Welch, 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 |
Loan Activity
No data available
Rentals and Section 8 — Welch, MN
Welch, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,210 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,990 |
| 4 Bedroom | N/A | N/A | $2,360 |
Affordability — Welch, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $474,000 |
| Median Household Income | $106,000 |