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  4. /Brandon, MN - 56315

Brandon, MN—56315

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$314,000
3.3% YoY Growth
Household Income
$85,500
19.9% YoY Growth
Days on Market
32
41.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$820
72.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$820
72.7% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Brandon, MN

As of May '26, the median home price in Brandon, MN is $314,000, with a year-over-year change of 3.3%. This indicates that home prices in Brandon, MN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$314,0003.3%
Single Family $313,0003.0%
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
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    4.4%
    2 Bedrooms
    19.3%
    3 Bedrooms
    48.3%
    4 Bedrooms
    23.0%
    5+ Bedrooms
    4.8%

    Rental Trends — Brandon, MN

    As of July '25, Rentcast reports the average rent in Brandon, MN is $820, with a year-over-year rent change of -72.7%. Per bedroom, the median rent as of July '25 in Brandon, MN is 2-bedrooms: $820. The most common rental property sizes in Brandon, MN are 2-bedroom and 3-bedroom, accounting for 51.9% and 22.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$820$820
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $820$820
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    13.9%
    2 Bedrooms
    51.9%
    3 Bedrooms
    22.2%
    4 Bedrooms
    12.0%

    Property Listings — Brandon, MN

    As of May '26, Realtor.com reports that the median days on market for a home in Brandon, MN is 32. This is a increase of 41.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$754,0003.0%
    Listing Count
    		918.0%
    Listings as % of Homes0.2%18.0%
    Days on Market
    		3241.0%
    Loading chart...

    Demographics — Brandon, MN

    As of the latest ACS Survey released in 2023, Brandon, MN has a population of 1,730, which has increased by 4.1% over the past 5 years. Brandon, MN is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,7304.1%
    % Under 18
    		24.7%-6.8%
    % Seniors
    		20.4%-3.8%
    % WFH
    		9.0%40.6%
    % w/ College Degree
    		20.5%5.7%
    Loading chart...

    As of the latest ACS Survey released in 2023, Brandon, MN is a predominantly white area, with 97.3% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Brandon, MN is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.8% of the population in Brandon, MN, and this percentage has increased by 100.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		97.3%1.1%
    % Black
    		0.2%-50.0%
    % Hispanic
    		0.6%∞%
    % Asian
    		0.2%-50.0%
    % Foreign Born
    		0.8%100.0%
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    Mortgage and Risk — Brandon, MN

    According to HUD data as of 2023, there were 69 mortgage originations in Brandon, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Brandon, MN. Investor activity is low, as 9.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		69
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		9.0%
    % Second Loans
    		7.0%
    % Cash Out Refinance
    		13.0%
    Loading chart...
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    Rentals and Section 8 — Brandon, MN

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

    Section 8 Market Size

    Total Units under HUD
    		8
    Total Units Section 8
    		6
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$750
    2 Bedroom$110$820$930
    3 BedroomN/AN/A$1,230
    4 BedroomN/AN/A$1,260

    Affordability — Brandon, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$314,000
    Median Household Income$85,500

    Brandon, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    56332

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    Frequently Asked Questions