Brandon, MN—56315
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brandon, MN
As of Oct '25, the median home price in Brandon, MN is $290,000, with a year-over-year change of 3.6%. This indicates that home prices in Brandon, MN are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 3.6% |
| Single Family | $290,000 | 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 | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $820 | $820 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $820 | $820 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Brandon, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brandon, MN is 61. This is a increase of 131.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | 66.0% |
Listing Count | 12 | 48.0% |
| Listings as % of Homes | 0.2% | 48.0% |
Days on Market | 61 | 131.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,730 | 4.1% |
% Under 18 | 24.7% | -6.8% |
% Seniors | 20.4% | -3.8% |
% WFH | 9.0% | 40.6% |
% w/ College Degree | 20.5% | 5.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | $110 | $820 | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Brandon, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $290,000 |
| Median Household Income | $85,500 |