What is the average home price in Ormsby, MN 56162?

As of May '26, the median home price in Ormsby, MN 56162 is $266,000, based on Zillow home estimates.

How have home prices in Ormsby, MN 56162 changed over the past year?

As of May '26, home prices have increased 12.0% over the past year, according to Zillow home estimates data.

What is the home price projection for Ormsby, MN 56162?

As of May '26, Zillow projects home prices in Ormsby, MN 56162 to decrease N/A in the next year.

What are the demographics of Ormsby, MN 56162?

According to the latest Census, the demographics of Ormsby, MN 56162 are 99.6% White, 0.0% Black, 0.0% Asian, 0.0% Hispanic. The population is 263, with 25.1% under 18 years old.

How long does it take homes to sell in Ormsby, MN 56162?

According to Realtor.com, as of May '26, the median home in Ormsby, MN 56162 is on the market for 110 days. This is a decrease of 18.0% from last year.

What is the average rent price in Ormsby, MN 56162?

The average rent price in Ormsby, MN 56162, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Ormsby, MN 56162 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Ormsby, MN—56162

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$266,000

12.0% YoY Growth

Household Income

$83,100

30.1% YoY Growth

Days on Market

110

18.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Ormsby, MN

Ormsby, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$266,000	12.0%
Single Family	$266,000	10.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Ormsby, MN

Ormsby, MN lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
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

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% of Rental Stock

2 Bedrooms

23.1%

3 Bedrooms

38.5%

5+ Bedrooms

38.5%

Property Listings — Ormsby, MN

As of May '26, Realtor.com reports that the median days on market for a home in Ormsby, MN is 110. This is a decrease of -18.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$39,900	-42.0%
Listing Count	2	0.0%
Listings as % of Homes	N/A	0.0%
Days on Market	110	-18.0%

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Demographics — Ormsby, MN

As of the latest ACS Survey released in 2023, Ormsby, MN has a population of 263, which has increased by 17.9% over the past 5 years. Ormsby, MN is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	263	17.9%
% Under 18	25.1%	16.7%
% Seniors	28.1%	-17.6%
% WFH	6.6%	-16.5%
% w/ College Degree	13.7%	22.3%

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Ormsby, MN lacks sufficient race and ethnicity data for analysis.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	99.6%	0.5%
% Black	0.0%	N/A
% Hispanic	0.0%	-100.0%
% Asian	0.0%	N/A
% Foreign Born	0.0%	N/A

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Mortgage and Risk — Ormsby, MN

Ormsby, MN lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Ormsby, MN

Ormsby, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$760
2 Bedroom	N/A	N/A	$940
3 Bedroom	N/A	N/A	$1,240
4 Bedroom	N/A	N/A	$1,250

Ormsby, MN—56162

Key Metrics at a Glance

Home Price Trends — Ormsby, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ormsby, MN

% of Rental Stock

Property Listings — Ormsby, MN

Demographics — Ormsby, MN

Race and Ethnicity

Mortgage and Risk — Ormsby, MN

Mortgages

Rentals and Section 8 — Ormsby, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Ormsby, MN

Home Price to Income Ratio

Ormsby, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Trimont, MN

Odin, MN

Saint James, MN

Welcome, MN

Sherburn, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$266,000
Median Household Income	$83,100