Barrett, MN 56339 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Barrett, MN—56339

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$228,000

5.1% YoY Growth

Household Income

$57,100

2.5% YoY Growth

Days on Market

35.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$715

5.4% YoY Growth

1-Bed Rent

$590

1.1% YoY Growth

2-Bed Rent

$735

N/A

3-Bed Rent

N/A

Home Price Trends — Barrett, MN

Barrett, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$228,000	5.1%
Single Family	$228,000	5.6%
Condos	N/A	N/A

Cost per Home Size

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

Rental Trends — Barrett, MN

As of July '25, Rentcast reports the average rent in Barrett, MN is $680, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Barrett, MN is 1-bedrooms: $652, 2-bedrooms: $735. The most common rental property sizes in Barrett, MN are 1-bedroom and 3-bedroom, accounting for 40.9% and 26.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$715	$680
Studio Rent	N/A	N/A
1 Bed Rent	$590	$652
2 Bed Rent	$735	$735
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

40.9%

2 Bedrooms

22.0%

3 Bedrooms

26.0%

4 Bedrooms

11.0%

Property Listings — Barrett, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Barrett, MN is 70. This is a increase of 35.0% 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	$214,000	-20.0%
Listing Count	8	100.0%
Listings as % of Homes	0.7%	100.0%
Days on Market	70	35.0%

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Demographics — Barrett, MN

As of the latest ACS Survey released in 2023, Barrett, MN has a population of 1,070, which has decreased by -2.4% over the past 5 years. Barrett, MN is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,070	-2.4%
% Under 18	26.1%	5.2%
% Seniors	17.8%	-11.4%
% WFH	10.6%	19.1%
% w/ College Degree	18.0%	34.3%

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As of the latest ACS Survey released in 2023, Barrett, MN is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Barrett, MN is hispanic, making up 5.1% of the population. Foreign-born residents account for 1.7% of the population in Barrett, MN, and this percentage has decreased by 37.0% 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	86.2%	-12.1%
% Black	0.7%	∞%
% Hispanic	5.1%	240.0%
% Asian	0.1%	∞%
% Foreign Born	1.7%	-37.0%

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Mortgage and Risk — Barrett, MN

According to HUD data as of 2023, there were 47 mortgage originations in Barrett, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Barrett, MN. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	47
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	4.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Barrett, MN

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

Section 8 Market Size

Total Units under HUD	24
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	$130	$590	$720
2 Bedroom	$195	$735	$930
3 Bedroom	N/A	N/A	$1,300
4 Bedroom	N/A	N/A	$1,560

Barrett, MN—56339

Key Metrics at a Glance

Home Price Trends — Barrett, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Barrett, MN

% of Rental Stock

Property Listings — Barrett, MN

Demographics — Barrett, MN

Race and Ethnicity

Mortgage and Risk — Barrett, MN

Mortgages

Rentals and Section 8 — Barrett, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Barrett, MN

Home Price to Income Ratio

Barrett, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kensington, MN

Farwell, MN

Evansville, MN

Ashby, MN

Brandon, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$228,000
Median Household Income	$57,100

Barrett, MN—56339

Key Metrics at a Glance

Home Price Trends — Barrett, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Barrett, MN

% of Rental Stock

Property Listings — Barrett, MN

Demographics — Barrett, MN

Race and Ethnicity

Mortgage and Risk — Barrett, MN

Mortgages

Rentals and Section 8 — Barrett, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Barrett, MN

Home Price to Income Ratio

Barrett, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Kensington, MN

Farwell, MN

Evansville, MN

Ashby, MN

Brandon, MN

Frequently Asked Questions

What is the average home price in Barrett, MN 56339?

How have home prices in Barrett, MN 56339 changed over the past year?

What is the home price projection for Barrett, MN 56339?

What are the demographics of Barrett, MN 56339?

How long does it take homes to sell in Barrett, MN 56339?

What is the average rent price in Barrett, MN 56339?