Blaine, MN—55434
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Blaine, MN
Home Price Trends — Blaine, MN
As of Oct '25, the median home price in Blaine, MN is $330,000, with a year-over-year change of 2.4%. This indicates that home prices in Blaine, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 2.4% |
| Single Family | $332,000 | 2.5% |
| Condos | $222,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 0.4% |
3 Bed | $325,000 | 2.8% |
4 Bed | $362,000 | 1.7% |
| 5 Bed | $419,000 | 1.2% |
% of Housing Stock
Rental Trends — Blaine, MN
As of July '25, Rentcast reports the average rent in Blaine, MN is $1,990, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Blaine, MN is studios: $1,340, 1-bedrooms: $1,420, 2-bedrooms: $1,720, 3-bedrooms: $2,070, 4-bedrooms: $2,690. The most common rental property sizes in Blaine, MN are 2-bedroom and 1-bedroom, accounting for 35.5% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $1,990 |
| Studio Rent | $1,320 | $1,340 |
| 1 Bed Rent | $1,300 | $1,420 |
| 2 Bed Rent | $1,500 | $1,720 |
| 3 Bed Rent | $1,980 | $2,070 |
| 4 Bed Rent | $2,600 | $2,690 |
% of Rental Stock
Property Listings — Blaine, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Blaine, MN is 25. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | -3.0% |
Listing Count | 66 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 25 | 1.0% |
Demographics — Blaine, MN
As of the latest ACS Survey released in 2023, Blaine, MN has a population of 33,100, which has increased by 8.4% over the past 5 years. Blaine, MN is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,100 | 8.4% |
% Under 18 | 24.3% | -1.2% |
% Seniors | 14.1% | 6.0% |
% WFH | 12.3% | 200.0% |
% w/ College Degree | 25.2% | 5.0% |
As of the latest ACS Survey released in 2023, Blaine, MN is a predominantly white area, with 68.6% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Blaine, MN is asian, making up 9.9% of the population. Foreign-born residents account for 15.0% of the population in Blaine, MN, and this percentage has increased by 32.7% 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 | 68.6% | -10.0% |
% Black | 9.4% | 11.9% |
% Hispanic | 6.2% | 55.0% |
% Asian | 9.9% | 28.6% |
% Foreign Born | 15.0% | 32.7% |
Mortgage and Risk — Blaine, MN
According to HUD data as of 2023, there were 315 mortgage originations in Blaine, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Blaine, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 315 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Blaine, MN
As of 2024, the percent of homes in Blaine, MN under the Section 8 program is 4.4%. 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. In Blaine, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 147 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,300 | $1,610 |
| 2 Bedroom | $460 | $1,500 | $1,960 |
| 3 Bedroom | $630 | $1,980 | $2,610 |
| 4 Bedroom | $320 | $2,600 | $2,920 |
Affordability — Blaine, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $330,000 |
| Median Household Income | $88,200 |