Plymouth, MN—55442
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plymouth, MN
As of Oct '25, the median home price in Plymouth, MN is $461,000, with a year-over-year change of 2.7%. This indicates that home prices in Plymouth, 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 | $461,000 | 2.7% |
| Single Family | $491,000 | 2.3% |
| Condos | $173,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $193,000 | 1.6% |
2 Bed | $286,000 | 1.1% |
3 Bed | $468,000 | 3.1% |
4 Bed | $539,000 | 2.1% |
| 5 Bed | $630,000 | 1.0% |
% of Housing Stock
Rental Trends — Plymouth, MN
As of July '25, Rentcast reports the average rent in Plymouth, MN is $2,530, with a year-over-year rent change of 11.0%. Per bedroom, the median rent as of July '25 in Plymouth, MN is studios: $1,410, 1-bedrooms: $1,470, 2-bedrooms: $2,040, 3-bedrooms: $2,820, 4-bedrooms: $4,100. The most common rental property sizes in Plymouth, MN are 2-bedroom and 1-bedroom, accounting for 53.6% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,530 |
| Studio Rent | $1,410 | $1,410 |
| 1 Bed Rent | $1,500 | $1,470 |
| 2 Bed Rent | $2,100 | $2,040 |
| 3 Bed Rent | $2,850 | $2,820 |
| 4 Bed Rent | $2,900 | $4,100 |
% of Rental Stock
Property Listings — Plymouth, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plymouth, MN is 30. This is a decrease of -19.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $458,000 | -12.0% |
Listing Count | 59 | -6.0% |
| Listings as % of Homes | 0.3% | -6.0% |
Days on Market | 30 | -19.0% |
Demographics — Plymouth, MN
As of the latest ACS Survey released in 2023, Plymouth, MN has a population of 13,200, which has increased by 2.9% over the past 5 years. Plymouth, MN is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 62.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | 2.9% |
% Under 18 | 18.9% | 2.2% |
% Seniors | 21.1% | 17.9% |
% WFH | 21.4% | 296.3% |
% w/ College Degree | 62.4% | 6.5% |
As of the latest ACS Survey released in 2023, Plymouth, MN is a predominantly white area, with 77.9% of the population identifying as white. The white population has shrunk by 11.9% in the last 5 years. The second most common race or ethnicity in Plymouth, MN is asian, making up 5.8% of the population. Foreign-born residents account for 8.6% of the population in Plymouth, MN, and this percentage has increased by 24.6% 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 | 77.9% | -11.9% |
% Black | 3.5% | 0.0% |
% Hispanic | 4.6% | 76.9% |
% Asian | 5.8% | 141.7% |
% Foreign Born | 8.6% | 24.6% |
Mortgage and Risk — Plymouth, MN
According to HUD data as of 2023, there were 246 mortgage originations in Plymouth, MN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Plymouth, MN. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Plymouth, MN
As of 2024, the percent of homes in Plymouth, MN under the Section 8 program is 1.1%. 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 Plymouth, 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 | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,500 | $1,760 |
| 2 Bedroom | $50 | $2,100 | $2,150 |
| 3 Bedroom | $10 | $2,850 | $2,860 |
| 4 Bedroom | $310 | $2,900 | $3,210 |
Affordability — Plymouth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $461,000 |
| Median Household Income | $122,000 |