Belle Plaine, MN—56011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belle Plaine, MN
As of Oct '25, the median home price in Belle Plaine, MN is $346,000, with a year-over-year change of 2.9%. This indicates that home prices in Belle Plaine, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 2.9% |
| Single Family | $346,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | 3.4% |
3 Bed | $327,000 | 2.8% |
4 Bed | $364,000 | 2.2% |
| 5 Bed | $395,000 | 1.5% |
% of Housing Stock
Rental Trends — Belle Plaine, MN
As of July '25, Rentcast reports the average rent in Belle Plaine, MN is $1,570, with a year-over-year rent change of -12.8%. Per bedroom, the median rent as of July '25 in Belle Plaine, MN is 1-bedrooms: $2,470, 2-bedrooms: $1,350. The most common rental property sizes in Belle Plaine, MN are 1-bedroom and 2-bedroom, accounting for 29.1% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,470 | $2,470 |
| 2 Bed Rent | $1,340 | $1,350 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Belle Plaine, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Belle Plaine, MN is 41. This is a decrease of -38.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 2.0% |
Listing Count | 49 | 0.0% |
| Listings as % of Homes | 0.9% | 0.0% |
Days on Market | 41 | -38.0% |
Demographics — Belle Plaine, MN
As of the latest ACS Survey released in 2023, Belle Plaine, MN has a population of 9,670, which has increased by 3.9% over the past 5 years. Belle Plaine, MN is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,670 | 3.9% |
% Under 18 | 27.0% | -0.7% |
% Seniors | 15.1% | 11.0% |
% WFH | 7.9% | 31.7% |
% w/ College Degree | 27.5% | 19.6% |
As of the latest ACS Survey released in 2023, Belle Plaine, MN is a predominantly white area, with 92.4% 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 Belle Plaine, MN is black, making up 2.9% of the population. Foreign-born residents account for 1.7% of the population in Belle Plaine, MN, and this percentage has decreased by 34.6% 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 | 92.4% | 0.5% |
% Black | 2.9% | 141.7% |
% Hispanic | 0.9% | -78.0% |
% Asian | 0.1% | -95.8% |
% Foreign Born | 1.7% | -34.6% |
Mortgage and Risk — Belle Plaine, MN
According to HUD data as of 2023, there were 202 mortgage originations in Belle Plaine, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Belle Plaine, MN. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Belle Plaine, MN
Belle Plaine, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 58 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,270 | $2,470 | $1,200 |
| 2 Bedroom | $120 | $1,340 | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Belle Plaine, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $346,000 |
| Median Household Income | $99,600 |