Wabasha, MN—55981
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wabasha, MN
As of Nov '25, the median home price in Wabasha, MN is $269,000, with a year-over-year change of 2.3%. This indicates that home prices in Wabasha, MN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 2.3% |
| Single Family | $276,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $246,000 | 2.9% |
3 Bed | $293,000 | 2.4% |
4 Bed | $360,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wabasha, MN
As of July '25, Rentcast reports the average rent in Wabasha, MN is $695, with a year-over-year rent change of -52.7%. Per bedroom, the median rent as of July '25 in Wabasha, MN is studios: $695. The most common rental property sizes in Wabasha, MN are 1-bedroom and 2-bedroom, accounting for 33.7% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $695 |
| Studio Rent | $695 | $695 |
| 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 — Wabasha, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in Wabasha, MN is 88. This is a increase of 85.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -1.0% |
Listing Count | 22 | 85.0% |
| Listings as % of Homes | 0.4% | 85.0% |
Days on Market | 88 | 85.0% |
Demographics — Wabasha, MN
As of the latest ACS Survey released in 2023, Wabasha, MN has a population of 3,860, which has decreased by -4.4% over the past 5 years. Wabasha, MN is a less popular place for families, as children make up 14.4% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,860 | -4.4% |
% Under 18 | 14.4% | -23.8% |
% Seniors | 33.5% | 22.3% |
% WFH | 9.4% | 62.1% |
% w/ College Degree | 26.2% | 24.8% |
As of the latest ACS Survey released in 2023, Wabasha, MN is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Wabasha, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 1.1% of the population in Wabasha, MN, and this percentage has increased by 57.1% 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 | 96.9% | 0.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.6% | -53.8% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 1.1% | 57.1% |
Mortgage and Risk — Wabasha, MN
According to HUD data as of 2023, there were 32 mortgage originations in Wabasha, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Wabasha, MN. Investor activity is low, as 0.0% 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 | 32 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Rentals and Section 8 — Wabasha, MN
Wabasha, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Wabasha, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $269,000 |
| Median Household Income | $69,200 |