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  4. /Wabasha, MN - 55981

Wabasha, MN—55981

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$292,000
5.1% YoY Growth
Household Income
$69,200
18.4% YoY Growth
Days on Market
36
7.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$695
52.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wabasha, MN

As of May '26, the median home price in Wabasha, MN is $292,000, with a year-over-year change of 5.1%. This indicates that home prices in Wabasha, MN are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$292,0005.1%
Single Family $300,0005.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$264,0005.6%
    3 Bed
    		$314,0006.1%
    4 Bed
    		$387,0005.4%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    4.6%
    1 Bedroom
    7.9%
    2 Bedrooms
    29.5%
    3 Bedrooms
    36.7%
    4 Bedrooms
    19.4%
    5+ Bedrooms
    1.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$695$695
    Studio Rent $695$695
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    11.8%
    1 Bedroom
    33.7%
    2 Bedrooms
    26.6%
    3 Bedrooms
    15.1%
    4 Bedrooms
    10.1%
    5+ Bedrooms
    2.8%

    Property Listings — Wabasha, MN

    As of May '26, Realtor.com reports that the median days on market for a home in Wabasha, MN is 36. This is a decrease of -7.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$329,0009.0%
    Listing Count
    		29100.0%
    Listings as % of Homes0.4%100.0%
    Days on Market
    		36-7.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$840
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,220
    4 BedroomN/AN/A$1,570

    Affordability — Wabasha, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$292,000
    Median Household Income$69,200

    Wabasha, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    55968

    Kellogg, MN

    55945

    Plainview, MN

    55964

    Stockholm, WI

    54769

    Beaver, MN

    55910

    Frequently Asked Questions