Zimmerman, MN—55398
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Zimmerman, MN
As of Oct '25, the median home price in Zimmerman, MN is $382,000, with a year-over-year change of 2.1%. This indicates that home prices in Zimmerman, 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 | $382,000 | 2.1% |
| Single Family | $382,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $235,000 | 1.7% |
2 Bed | $316,000 | 1.6% |
3 Bed | $374,000 | 2.2% |
4 Bed | $431,000 | 2.1% |
| 5 Bed | $490,000 | 1.4% |
% of Housing Stock
Rental Trends — Zimmerman, MN
As of July '25, Rentcast reports the average rent in Zimmerman, MN is $1,890, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Zimmerman, MN is studios: $1,390, 1-bedrooms: $1,540, 3-bedrooms: $1,940, 4-bedrooms: $2,400. The most common rental property sizes in Zimmerman, MN are 2-bedroom and 1-bedroom, accounting for 37.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,890 |
| Studio Rent | $1,390 | $1,390 |
| 1 Bed Rent | $1,540 | $1,540 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,940 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Zimmerman, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Zimmerman, MN is 38. This is a increase of 33.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $392,000 | 3.0% |
Listing Count | 72 | 7.0% |
| Listings as % of Homes | 0.7% | 7.0% |
Days on Market | 38 | 33.0% |
Demographics — Zimmerman, MN
As of the latest ACS Survey released in 2023, Zimmerman, MN has a population of 17,800, which has increased by 11.8% over the past 5 years. Zimmerman, MN is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | 11.8% |
% Under 18 | 28.1% | 1.8% |
% Seniors | 9.9% | -1.0% |
% WFH | 13.7% | 197.8% |
% w/ College Degree | 23.7% | -2.5% |
As of the latest ACS Survey released in 2023, Zimmerman, MN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Zimmerman, MN is hispanic, making up 3.3% of the population. Foreign-born residents account for 1.9% of the population in Zimmerman, MN, and this percentage has decreased by 17.4% 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 | 90.0% | -3.8% |
% Black | 0.4% | 33.3% |
% Hispanic | 3.3% | 32.0% |
% Asian | 1.6% | 45.5% |
% Foreign Born | 1.9% | -17.4% |
Mortgage and Risk — Zimmerman, MN
According to HUD data as of 2023, there were 413 mortgage originations in Zimmerman, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Zimmerman, MN. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 413 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Zimmerman, MN
Zimmerman, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,540 | $1,380 |
| 2 Bedroom | N/A | N/A | $1,690 |
| 3 Bedroom | $350 | $1,900 | $2,250 |
| 4 Bedroom | $120 | $2,400 | $2,520 |
Affordability — Zimmerman, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $382,000 |
| Median Household Income | $105,000 |