Harmony, MN—55939
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harmony, MN
As of Nov '25, the median home price in Harmony, MN is $248,000, with a year-over-year change of -0.3%. This indicates that home prices in Harmony, MN are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | -0.3% |
| Single Family | $248,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 0.0% |
3 Bed | $219,000 | -2.7% |
4 Bed | $302,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Harmony, MN
Harmony, 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 — Harmony, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Harmony, MN is 36. This is a decrease of -41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $329,000 | 49.0% |
Listing Count | 7 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 36 | -41.0% |
Demographics — Harmony, MN
As of the latest ACS Survey released in 2023, Harmony, MN has a population of 1,990, which has remained stable by 0.1% over the past 5 years. Harmony, MN is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,990 | 0.1% |
% Under 18 | 23.1% | -17.2% |
% Seniors | 28.1% | 15.2% |
% WFH | 17.7% | 37.2% |
% w/ College Degree | 19.3% | -12.7% |
As of the latest ACS Survey released in 2023, Harmony, MN is a predominantly white area, with 97.6% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Harmony, MN is black, making up 0.6% of the population. Foreign-born residents account for 0.3% of the population in Harmony, MN, and this percentage has decreased by 66.7% 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 | 97.6% | 0.7% |
% Black | 0.6% | 50.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Harmony, MN
According to HUD data as of 2023, there were 41 mortgage originations in Harmony, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Harmony, MN. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — Harmony, MN
Harmony, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,460 |
Affordability — Harmony, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $248,000 |
| Median Household Income | $66,100 |