Brainerd, MN—56401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brainerd, MN
As of Oct '25, the median home price in Brainerd, MN is $312,000, 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 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $312,000 | 2.0% |
| Single Family | $312,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | 4.9% |
2 Bed | $242,000 | 4.8% |
3 Bed | $316,000 | 2.6% |
4 Bed | $380,000 | 3.3% |
| 5 Bed | $492,000 | 3.1% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Brainerd, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brainerd, MN is 53. This is a decrease of -11.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $384,000 | -6.0% |
Listing Count | 162 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 53 | -11.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Brainerd, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $312,000 |
| Median Household Income | $70,300 |