Hokah, MN—55941
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hokah, MN
As of Oct '25, the median home price in Hokah, MN is $290,000, with a year-over-year change of 11.5%. This indicates that home prices in Hokah, MN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 11.5% |
| Single Family | $290,000 | 11.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $295,000 | 12.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hokah, MN
As of July '25, Rentcast reports the average rent in Hokah, MN is $1,000, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Hokah, MN is 2-bedrooms: $800, 3-bedrooms: $1,200. The most common rental property sizes in Hokah, MN are 2-bedroom and 1-bedroom, accounting for 50.9% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hokah, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hokah, MN is 58. This is a increase of 83.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 37.0% |
Listing Count | 3 | -14.0% |
| Listings as % of Homes | N/A | -14.0% |
Days on Market | 58 | 83.0% |
Demographics — Hokah, MN
As of the latest ACS Survey released in 2023, Hokah, MN has a population of 1,080, which has increased by 10.2% over the past 5 years. Hokah, MN is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,080 | 10.2% |
% Under 18 | 26.1% | 3.6% |
% Seniors | 15.2% | 16.9% |
% WFH | 10.8% | 61.2% |
% w/ College Degree | 17.6% | -9.3% |
As of the latest ACS Survey released in 2023, Hokah, MN is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Hokah, MN is hispanic, making up 4.0% of the population. Foreign-born residents account for 0.0% of the population in Hokah, MN, and this percentage has decreased by 100.0% 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 | 93.1% | -1.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.0% | 263.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Hokah, MN
According to HUD data as of 2023, there were 62 mortgage originations in Hokah, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Hokah, MN. Investor activity is low, as 11.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 62 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 11.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hokah, MN
Hokah, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $250 | $800 | $1,050 |
| 3 Bedroom | $190 | $1,200 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Hokah, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $290,000 |
| Median Household Income | $71,600 |