Mound, MN—55364
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mound, MN
As of Oct '25, the median home price in Mound, MN is $520,000, with a year-over-year change of 2.1%. This indicates that home prices in Mound, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $520,000 | 2.1% |
| Single Family | $572,000 | 2.0% |
| Condos | $217,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $267,000 | 1.5% |
2 Bed | $326,000 | 1.2% |
3 Bed | $466,000 | 2.0% |
4 Bed | $749,000 | 1.5% |
| 5 Bed | $1,012,000 | 1.6% |
% of Housing Stock
Rental Trends — Mound, MN
As of July '25, Rentcast reports the average rent in Mound, MN is $2,260, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in Mound, MN is studios: $854, 1-bedrooms: $1,160, 2-bedrooms: $1,720, 3-bedrooms: $2,360, 4-bedrooms: $5,170. The most common rental property sizes in Mound, MN are 1-bedroom and 2-bedroom, accounting for 46.5% and 17.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $2,260 |
| Studio Rent | $995 | $854 |
| 1 Bed Rent | $1,100 | $1,160 |
| 2 Bed Rent | $1,750 | $1,720 |
| 3 Bed Rent | $2,200 | $2,360 |
| 4 Bed Rent | $2,900 | $5,170 |
% of Rental Stock
Property Listings — Mound, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Mound, MN is 63. This is a increase of 13.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | -4.0% |
Listing Count | 99 | 18.0% |
| Listings as % of Homes | 0.6% | 18.0% |
Days on Market | 63 | 13.0% |
Demographics — Mound, MN
As of the latest ACS Survey released in 2023, Mound, MN has a population of 14,000, which has decreased by -8.6% over the past 5 years. Mound, MN is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 50.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | -8.6% |
% Under 18 | 19.9% | -2.0% |
% Seniors | 20.4% | 38.8% |
% WFH | 23.8% | 167.4% |
% w/ College Degree | 50.0% | -1.6% |
As of the latest ACS Survey released in 2023, Mound, MN is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Mound, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 7.3% of the population in Mound, MN, and this percentage has increased by 92.1% 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 | 89.0% | -5.8% |
% Black | 1.4% | 366.7% |
% Hispanic | 2.4% | 242.9% |
% Asian | 1.2% | -29.4% |
% Foreign Born | 7.3% | 92.1% |
Mortgage and Risk — Mound, MN
According to HUD data as of 2023, there were 301 mortgage originations in Mound, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Mound, MN. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 301 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mound, MN
As of 2024, the percent of homes in Mound, MN under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Mound, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 100 |
Total Units Section 8 | 100 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,100 | $1,300 |
| 2 Bedroom | -$160 | $1,750 | $1,590 |
| 3 Bedroom | -$80 | $2,200 | $2,120 |
| 4 Bedroom | -$530 | $2,900 | $2,370 |
Affordability — Mound, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $520,000 |
| Median Household Income | $111,000 |