Brainerd, MN 56401 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Brainerd, MN—56401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$308,000

2.0% YoY Growth

Household Income

$70,300

35.5% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$1,130

20.3% YoY Growth

1-Bed Rent

$930

49.8% YoY Growth

2-Bed Rent

$995

21.3% YoY Growth

3-Bed Rent

$1,180

0.8% YoY Growth

Home Price Trends — Brainerd, MN

As of Nov '25, the median home price in Brainerd, MN is $308,000, with a year-over-year change of 2.0%. This indicates that home prices in Brainerd, MN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$308,000	2.0%
Single Family	$308,000	2.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Brainerd, MN

As of July '25, Rentcast reports the average rent in Brainerd, MN is $1,160, with a year-over-year rent change of 20.3%. Per bedroom, the median rent as of July '25 in Brainerd, MN is studios: $899, 1-bedrooms: $1,050, 2-bedrooms: $1,140, 3-bedrooms: $1,280. The most common rental property sizes in Brainerd, MN are 2-bedroom and 1-bedroom, accounting for 36.4% and 25.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,130	$1,160
Studio Rent	$899	$899
1 Bed Rent	$930	$1,050
2 Bed Rent	$995	$1,140
3 Bed Rent	$1,180	$1,280
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.4%

1 Bedroom

25.5%

2 Bedrooms

36.4%

3 Bedrooms

23.6%

4 Bedrooms

5.1%

5+ Bedrooms

1.1%

Property Listings — Brainerd, MN

As of Nov '25, Realtor.com reports that the median days on market for a home in Brainerd, MN is 63. This is a decrease of -8.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$377,000	-5.0%
Listing Count	156	20.0%
Listings as % of Homes	0.5%	20.0%
Days on Market	63	-8.0%

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Demographics — Brainerd, MN

As of the latest ACS Survey released in 2023, Brainerd, MN has a population of 31,700, which has increased by 7.4% over the past 5 years. Brainerd, MN is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 24.1% 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	31,700	7.4%
% Under 18	22.3%	-4.3%
% Seniors	19.6%	15.3%
% WFH	7.6%	49.0%
% w/ College Degree	24.1%	14.2%

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As of the latest ACS Survey released in 2023, Brainerd, MN is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Brainerd, MN is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.2% of the population in Brainerd, MN, and this percentage has decreased by 14.3% 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	93.3%	-1.6%
% Black	0.8%	-27.3%
% Hispanic	1.6%	14.3%
% Asian	0.4%	33.3%
% Foreign Born	1.2%	-14.3%

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Mortgage and Risk — Brainerd, MN

According to HUD data as of 2023, there were 561 mortgage originations in Brainerd, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Brainerd, MN. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	561
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	7.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Brainerd, MN

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

Section 8 Market Size

Total Units under HUD	579
Total Units Section 8	351
% Rentals under Section 8	N/A
% Occupied Section 8	93.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$160	$930	$770
2 Bedroom	$5	$995	$1,000
3 Bedroom	$60	$1,180	$1,240
4 Bedroom	N/A	N/A	$1,420

Brainerd, MN—56401

Key Metrics at a Glance

Home Price Trends — Brainerd, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brainerd, MN

% of Rental Stock

Property Listings — Brainerd, MN

Demographics — Brainerd, MN

Race and Ethnicity

Mortgage and Risk — Brainerd, MN

Mortgages

Rentals and Section 8 — Brainerd, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Brainerd, MN

Home Price to Income Ratio

Brainerd, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Baxter, MN

Ironton, MN

Merrifield, MN

Fort Ripley, MN

Nisswa, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$308,000
Median Household Income	$70,300

Brainerd, MN—56401

Key Metrics at a Glance

Home Price Trends — Brainerd, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Brainerd, MN

% of Rental Stock

Property Listings — Brainerd, MN

Demographics — Brainerd, MN

Race and Ethnicity

Mortgage and Risk — Brainerd, MN

Mortgages

Rentals and Section 8 — Brainerd, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Brainerd, MN

Home Price to Income Ratio

Brainerd, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Baxter, MN

Ironton, MN

Merrifield, MN

Fort Ripley, MN

Nisswa, MN

Frequently Asked Questions

What is the average home price in Brainerd, MN 56401?

How have home prices in Brainerd, MN 56401 changed over the past year?

What is the home price projection for Brainerd, MN 56401?

What are the demographics of Brainerd, MN 56401?

How long does it take homes to sell in Brainerd, MN 56401?

What is the average rent price in Brainerd, MN 56401?