Nisswa, MN—56468
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nisswa, MN
As of Oct '25, the median home price in Nisswa, MN is $599,000, with a year-over-year change of 4.1%. This indicates that home prices in Nisswa, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $599,000 | 4.1% |
| Single Family | $598,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $446,000 | 3.0% |
3 Bed | $596,000 | 4.0% |
4 Bed | $786,000 | 4.2% |
| 5 Bed | $1,193,000 | 4.5% |
% of Housing Stock
Rental Trends — Nisswa, MN
As of July '25, Rentcast reports the average rent in Nisswa, MN is $1,680, with a year-over-year rent change of 9.8%. Per bedroom, the median rent as of July '25 in Nisswa, MN is 1-bedrooms: $2,500, 2-bedrooms: $1,200, 3-bedrooms: $1,570. The most common rental property sizes in Nisswa, MN are 3-bedroom and 2-bedroom, accounting for 40.6% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,500 | $2,500 |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,800 | $1,570 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nisswa, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Nisswa, MN is 66. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $738,000 | 15.0% |
Listing Count | 66 | 9.0% |
| Listings as % of Homes | 0.9% | 9.0% |
Days on Market | 66 | -1.0% |
Demographics — Nisswa, MN
As of the latest ACS Survey released in 2023, Nisswa, MN has a population of 4,370, which has decreased by -2.6% over the past 5 years. Nisswa, MN is a moderately popular place for families, as children make up 15.2% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,370 | -2.6% |
% Under 18 | 15.2% | -7.3% |
% Seniors | 27.3% | 1.1% |
% WFH | 12.1% | 26.0% |
% w/ College Degree | 42.4% | 11.6% |
As of the latest ACS Survey released in 2023, Nisswa, MN is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Nisswa, MN is hispanic, making up 1.7% of the population. Foreign-born residents account for 2.8% of the population in Nisswa, MN, and this percentage has increased by 75.0% 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 | 93.6% | -4.6% |
% Black | 0.6% | ∞% |
% Hispanic | 1.7% | 70.0% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 2.8% | 75.0% |
Mortgage and Risk — Nisswa, MN
According to HUD data as of 2023, there were 128 mortgage originations in Nisswa, MN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Nisswa, MN. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 30.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Nisswa, MN
Nisswa, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% 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 | -$1,590 | $2,500 | $910 |
| 2 Bedroom | -$70 | $1,200 | $1,130 |
| 3 Bedroom | -$390 | $1,800 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Nisswa, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $599,000 |
| Median Household Income | $104,000 |