Corcoran, MN—55340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corcoran, MN
As of Oct '25, the median home price in Corcoran, MN is $675,000, with a year-over-year change of 2.5%. This indicates that home prices in Corcoran, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $675,000 | 2.5% |
| Single Family | $687,000 | 2.4% |
| Condos | $450,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $463,000 | 4.5% |
3 Bed | $505,000 | 3.3% |
4 Bed | $746,000 | 1.9% |
| 5 Bed | $918,000 | 1.9% |
% of Housing Stock
Rental Trends — Corcoran, MN
As of July '25, Rentcast reports the average rent in Corcoran, MN is $2,850, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Corcoran, MN is 1-bedrooms: $1,900, 3-bedrooms: $2,790, 4-bedrooms: $3,130. The most common rental property sizes in Corcoran, MN are 2-bedroom and 3-bedroom, accounting for 49.8% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,900 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,700 | $2,790 |
| 4 Bed Rent | $2,800 | $3,130 |
% of Rental Stock
Property Listings — Corcoran, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Corcoran, MN is 50. This is a increase of 6.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $824,000 | 14.0% |
Listing Count | 97 | -23.0% |
| Listings as % of Homes | 1.2% | -23.0% |
Days on Market | 50 | 6.0% |
Demographics — Corcoran, MN
As of the latest ACS Survey released in 2023, Corcoran, MN has a population of 9,780, which has increased by 21.8% over the past 5 years. Corcoran, MN is a popular place for families, as children make up 32.1% of the population. The area has a highly educated workforce, with 61.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 36.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,780 | 21.8% |
% Under 18 | 32.1% | 13.4% |
% Seniors | 14.1% | 45.4% |
% WFH | 36.0% | 318.6% |
% w/ College Degree | 61.3% | 16.1% |
As of the latest ACS Survey released in 2023, Corcoran, MN is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Corcoran, MN is asian, making up 14.9% of the population. Foreign-born residents account for 15.8% of the population in Corcoran, MN, and this percentage has increased by 32.8% 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 | 77.3% | -8.0% |
% Black | 2.8% | 1,300.0% |
% Hispanic | 1.0% | -75.0% |
% Asian | 14.9% | 60.2% |
% Foreign Born | 15.8% | 32.8% |
Mortgage and Risk — Corcoran, MN
According to HUD data as of 2023, there were 505 mortgage originations in Corcoran, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Corcoran, MN. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 505 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Corcoran, MN
Corcoran, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,900 | $1,850 |
| 2 Bedroom | N/A | N/A | $2,260 |
| 3 Bedroom | $310 | $2,700 | $3,010 |
| 4 Bedroom | $570 | $2,800 | $3,370 |
Affordability — Corcoran, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $675,000 |
| Median Household Income | $174,000 |