Atwater, MN 56209 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Atwater, MN—56209

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$271,000

5.4% YoY Growth

Household Income

$83,700

39.7% YoY Growth

Days on Market

63.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$675

3.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$675

3.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Atwater, MN

As of Nov '25, the median home price in Atwater, MN is $271,000, with a year-over-year change of 5.4%. This indicates that home prices in Atwater, 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	$271,000	5.4%
Single Family	$271,000	5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Atwater, MN

As of July '25, Rentcast reports the average rent in Atwater, MN is $675, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Atwater, MN is 2-bedrooms: $675. The most common rental property sizes in Atwater, MN are 3-bedroom and 4-bedroom, accounting for 35.5% and 24.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$675	$675
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$675	$675
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.9%

1 Bedroom

11.8%

2 Bedrooms

21.3%

3 Bedrooms

35.5%

4 Bedrooms

24.9%

5+ Bedrooms

0.6%

Property Listings — Atwater, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Atwater, MN is 64. This is a increase of 63.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$312,000	-27.0%
Listing Count	15	26.0%
Listings as % of Homes	0.4%	26.0%
Days on Market	64	63.0%

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Demographics — Atwater, MN

As of the latest ACS Survey released in 2023, Atwater, MN has a population of 2,640, which has increased by 21.5% over the past 5 years. Atwater, MN is a popular place for families, as children make up 29.8% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,640	21.5%
% Under 18	29.8%	34.8%
% Seniors	16.5%	-7.8%
% WFH	7.6%	31.0%
% w/ College Degree	21.4%	12.0%

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As of the latest ACS Survey released in 2023, Atwater, MN is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Atwater, MN is hispanic, making up 3.2% of the population. Foreign-born residents account for 0.6% of the population in Atwater, MN, and this percentage has decreased by 53.8% 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	89.4%	-7.2%
% Black	0.5%	∞%
% Hispanic	3.2%	-3.0%
% Asian	0.3%	200.0%
% Foreign Born	0.6%	-53.8%

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Mortgage and Risk — Atwater, MN

According to HUD data as of 2023, there were 40 mortgage originations in Atwater, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Atwater, MN. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	40
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	12.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Atwater, MN

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

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% 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	$780
2 Bedroom	$275	$675	$950
3 Bedroom	N/A	N/A	$1,330
4 Bedroom	N/A	N/A	$1,560

Atwater, MN—56209

Key Metrics at a Glance

Home Price Trends — Atwater, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Atwater, MN

% of Rental Stock

Property Listings — Atwater, MN

Demographics — Atwater, MN

Race and Ethnicity

Mortgage and Risk — Atwater, MN

Mortgages

Rentals and Section 8 — Atwater, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Atwater, MN

Home Price to Income Ratio

Atwater, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kandiyohi, MN

Lake Lillian, MN

Spicer, MN

Willmar, MN

New London, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$271,000
Median Household Income	$83,700

Atwater, MN—56209

Key Metrics at a Glance

Home Price Trends — Atwater, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Atwater, MN

% of Rental Stock

Property Listings — Atwater, MN

Demographics — Atwater, MN

Race and Ethnicity

Mortgage and Risk — Atwater, MN

Mortgages

Rentals and Section 8 — Atwater, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Atwater, MN

Home Price to Income Ratio

Atwater, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kandiyohi, MN

Lake Lillian, MN

Spicer, MN

Willmar, MN

New London, MN

Frequently Asked Questions

What is the average home price in Atwater, MN 56209?

How have home prices in Atwater, MN 56209 changed over the past year?

What is the home price projection for Atwater, MN 56209?

What are the demographics of Atwater, MN 56209?

How long does it take homes to sell in Atwater, MN 56209?

What is the average rent price in Atwater, MN 56209?