Blaine, MN—55449
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 $454,000, with a year-over-year change of 1.9%. This indicates that home prices in Blaine, 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 | $454,000 | 1.9% |
| Single Family | $467,000 | 1.7% |
| Condos | $301,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $298,000 | 1.4% |
3 Bed | $399,000 | 1.3% |
4 Bed | $520,000 | 1.4% |
| 5 Bed | $617,000 | 2.0% |
% of Housing Stock
Rental Trends — Blaine, MN
As of July '25, Rentcast reports the average rent in Blaine, MN is $2,840, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Blaine, MN is 1-bedrooms: $1,570, 2-bedrooms: $2,500, 3-bedrooms: $2,680, 4-bedrooms: $3,130. The most common rental property sizes in Blaine, MN are 2-bedroom and 3-bedroom, accounting for 43.2% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,840 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,570 |
| 2 Bed Rent | $2,200 | $2,500 |
| 3 Bed Rent | $2,580 | $2,680 |
| 4 Bed Rent | $3,000 | $3,130 |
% 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 50. This is a increase of 10.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | 8.0% |
Listing Count | 160 | 9.0% |
| Listings as % of Homes | 1.1% | 9.0% |
Days on Market | 50 | 10.0% |
Demographics — Blaine, MN
As of the latest ACS Survey released in 2023, Blaine, MN has a population of 33,400, which has increased by 19.4% over the past 5 years. Blaine, MN is a popular place for families, as children make up 28.7% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 19.4% |
% Under 18 | 28.7% | 2.9% |
% Seniors | 11.5% | 11.7% |
% WFH | 28.2% | 314.7% |
% w/ College Degree | 46.7% | -1.5% |
As of the latest ACS Survey released in 2023, Blaine, MN is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 8.7% 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 14.4% of the population in Blaine, MN, and this percentage has increased by 4.3% 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 | 72.7% | -8.7% |
% Black | 8.8% | 144.4% |
% Hispanic | 4.1% | -28.1% |
% Asian | 9.9% | 16.5% |
% Foreign Born | 14.4% | 4.3% |
Mortgage and Risk — Blaine, MN
According to HUD data as of 2023, there were 754 mortgage originations in Blaine, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Blaine, 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 | 754 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Blaine, MN
As of 2024, the percent of homes in Blaine, MN under the Section 8 program is 16.8%. This is considered high, suggesting that the neighborhood is heavily 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 | 246 |
Total Units Section 8 | 246 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 95.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,450 | $1,810 |
| 2 Bedroom | $10 | $2,200 | $2,210 |
| 3 Bedroom | $360 | $2,580 | $2,940 |
| 4 Bedroom | $300 | $3,000 | $3,300 |
Affordability — Blaine, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $454,000 |
| Median Household Income | $129,000 |