West Concord, MN—55985
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Concord, MN
As of Nov '25, the median home price in West Concord, MN is $268,000, with a year-over-year change of 4.1%. This indicates that home prices in West Concord, MN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | 4.1% |
| Single Family | $268,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $226,000 | 2.3% |
3 Bed | $259,000 | 2.8% |
4 Bed | $313,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Concord, MN
As of July '25, Rentcast reports the average rent in West Concord, MN is $925, with a year-over-year rent change of -26.6%. Per bedroom, the median rent as of July '25 in West Concord, MN is 2-bedrooms: $925. The most common rental property sizes in West Concord, MN are 1-bedroom and 3-bedroom, accounting for 23.9% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $925 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $925 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Concord, MN
As of Nov '25, Realtor.com reports that the median days on market for a home in West Concord, MN is 64. This is a increase of 117.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 19.0% |
Listing Count | 12 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 64 | 117.0% |
Demographics — West Concord, MN
As of the latest ACS Survey released in 2023, West Concord, MN has a population of 1,640, which has decreased by -13.9% over the past 5 years. West Concord, MN is a moderately popular place for families, as children make up 19.1% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,640 | -13.9% |
% Under 18 | 19.1% | -28.7% |
% Seniors | 19.4% | 32.0% |
% WFH | 11.9% | 32.2% |
% w/ College Degree | 25.0% | 54.3% |
As of the latest ACS Survey released in 2023, West Concord, MN is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in West Concord, MN is hispanic, making up 4.9% of the population. Foreign-born residents account for 2.6% of the population in West Concord, MN, and this percentage has increased by 4.0% 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 | 90.0% | -2.6% |
% Black | 1.2% | ∞% |
% Hispanic | 4.9% | -26.9% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 2.6% | 4.0% |
Mortgage and Risk — West Concord, MN
According to HUD data as of 2023, there were 54 mortgage originations in West Concord, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in West Concord, MN. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 54 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — West Concord, MN
West Concord, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 7.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | $345 | $925 | $1,270 |
| 3 Bedroom | N/A | N/A | $1,780 |
| 4 Bedroom | N/A | N/A | $2,130 |
Affordability — West Concord, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $268,000 |
| Median Household Income | $84,900 |