McKinley, MN—55741
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McKinley, MN
As of Oct '25, the median home price in McKinley, MN is $174,000, with a year-over-year change of 2.1%. This indicates that home prices in McKinley, MN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 2.1% |
| Single Family | $174,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $163,000 | 3.2% |
3 Bed | $198,000 | 3.7% |
4 Bed | $218,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — McKinley, MN
McKinley, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — McKinley, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in McKinley, MN is 97. This is a increase of 207.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | 49.0% |
Listing Count | 17 | 63.0% |
| Listings as % of Homes | 0.7% | 63.0% |
Days on Market | 97 | 207.0% |
Demographics — McKinley, MN
As of the latest ACS Survey released in 2023, McKinley, MN has a population of 2,930, which has decreased by -17.6% over the past 5 years. McKinley, MN is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,930 | -17.6% |
% Under 18 | 19.5% | 8.3% |
% Seniors | 29.1% | 38.6% |
% WFH | 3.9% | 160.0% |
% w/ College Degree | 19.1% | 1.1% |
As of the latest ACS Survey released in 2023, McKinley, MN is a predominantly white area, with 96.6% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in McKinley, MN is asian, making up 0.1% of the population. Foreign-born residents account for 0.6% of the population in McKinley, MN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.6% | 0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.6% | 0.0% |
Mortgage and Risk — McKinley, MN
According to HUD data as of 2023, there were 72 mortgage originations in McKinley, MN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in McKinley, MN. Investor activity is low, as 11.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 11.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — McKinley, MN
McKinley, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,340 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — McKinley, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $174,000 |
| Median Household Income | $66,500 |